Brussels, 27/11/2013 (Agence Europe) - On 27 November, the European Commission approved the state aid granted by Italy to the Italian Monte dei Paschi di Siena (MPS) bank in the form of state recapitalisation to the tune of €3.9 billion and state guarantees of €13 billion as part of the bank's restructuring plan.
The Commission particularly took into account the bank's commitment to increasing its capital to at least €2.5 billion on the markets, which should enable it to reimburse a...