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The Italian Banking Saga: Symptom of a deeper underlying problem? CEPS Commentary, 7 July 2017

Gros, Daniel. (2017) The Italian Banking Saga: Symptom of a deeper underlying problem? CEPS Commentary, 7 July 2017. [Policy Paper]

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    Abstract

    The abrupt end to the saga of the two smallish banks from the Veneto Region shows what really motivates policy-makers. For months, if not years, the official narrative had been that these banks were undeniably still carrying problems from the past, but that they could be perfectly viable if only the Italian government would be allowed to provide them with support. But a combination of European rules and institutions severely limit this kind of ‘state aid’.

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    Item Type: Policy Paper
    Subjects for non-EU documents: Countries > Italy
    EU policies and themes > Policies & related activities > economic and financial affairs > banks/financial markets
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 07 Jul 2017 14:41
    Number of Pages: 2
    Last Modified: 07 Jul 2017 14:41
    URI: http://aei.pitt.edu/id/eprint/88230

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