15-10-2020 20:59 via uk.finance.yahoo.com

Italy PM expected to sign off soon on Monte dei Paschi decree - sources

Italian Prime Minister Giuseppe Conte is expected to sign in the next few days long-awaited measures paving the way for a crucial bad loan clean-up at Monte dei Paschi (MPS)and the sale of the bank, two government sources said.The Treasury had asked the government for speedy approval,but opposition from the co-ruling 5-Star Movement has stalled the process.The two sources said the paralysis had been broken and Conte would finalise the measures after his return from Brussels.
Read more »