On Thursday 1 June, the Commissioner for Competition, Margrethe Vestager, and the Italian Minister for the economy and finance, Pier Carlo Padoan, came to an agreement over the restructuring of the Monte dei Paschi di Siena bank (MPS).
The move paves the way for a preventative recapitalisation of the bank. However, the details of the agreement have still to be finalised in the coming weeks.
The agreement follows negotiations between the Commission - represented by the Vice-President for the...