Italy to pay up to 17 bn euros to save two troubled banks:govt

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AFP Rome
Last Updated : Jun 25 2017 | 10:42 PM IST
Italy will pay up to 17 billion euros (USD 19 billion) to rescue two Venetian banks that are facing bankruptcy, the government said today.
"The total resources mobilised could reach a maximum of 17 billion euros - but the immediate cost to the state is a little more than five billion," said Finance Minister Pier Carlo Padoan.

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First Published: Jun 25 2017 | 10:42 PM IST

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