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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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ECB’s Estimated Capital for Monte dei Paschi Significantly Higher Versus Bank of Italy’s Evaluation

December, 30 2016
watermark Economic news

The European central bank’s capital decision of 8.8 billion euro was criticized after the Bank of Italy had a different estimate which is significantly lower compared with the ECB. However, the treasury imposed 6.6 billion euros ($6.92 billion) for the allotted cost of  Banca Monte dei Paschi di Siena’s state rescue.

According to the ECB, the €4.6bn is allocated for the immediate expenses of the state, while the €2bn is kept for the retail investor’s compensation and the remaining €2.2bn is intended for “other entities”.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.