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Italy: Approves liquidity support for Monte dei Paschi di Siena

Description

On 29 December 2016, the European Commission approved the Italian authorities liquidity support to Monte dei Paschi di Siena. The liquidity support has a total value of EUR 15 billion (approx. USD 15....

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

29 Dec 2016

Revocation date

29 Dec 2020

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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