15-04-2016 13:20 via news.yahoo.com

Italy's Atlas fund struggles to stop sky falling on banks

By Silvia Aloisi and Paola Arosio MILAN (Reuters) - Italy has dubbed its new bank bailout fund Atlas, after the mythical Greek titan, because it is meant to hold up the sky above the nation's lenders. The 5-6 billion euro ($5.7-6.8 billion) fund was hailed by the government as an industry-led response to concerns in Rome and other European capitals about the euro zone's fourth-biggest banking system.
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