On Tuesday 4 July, the European Commission gave its agreement to the preventative recapitalisation of the bank Monte dei Paschi di Siena (MPS) by the Italian state, as the operation will help to ensure the bank's long-term viability, without distorting competition.
The level of aid granted is €5.4 billion, to be injected in exchange for shares in MPS acquired at preferential prices. This decision of the European Commission follows the agreement in principle on the restructuring of the bank...