The European Central Bank (ECB) took temporary control of Banca Carige, Italy's tenth largest bank, on Wednesday, 2 January. This initiative, which testifies to the difficulty of the Italian banking sector in putting an end to doubtful bank loans, will hold the government to account.
Now chaired by the Italian Andrea Enria, the sole banking supervisor in the euro zone has appointed three directors and a supervisory board to replace the resigning board of directors, after the shareholders...