Global Trade Alert
Global Trade Alert

Italy: Approves liquidity support for Monte dei Paschi di Siena

Announcement

23 Dec 2016

In December 2016, the European Commission approved the Italian authorities liquidity support, in the form of a state guarantee, to Monte dei Paschi di Siena.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

29 Dec 2016

Revocation date:

29 Dec 2020

Announced: 23 Dec 2016
Loan guarantee
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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