The government's 'save-savings'
decree enables the State to intervene "promptly" so that
troubled Tuscan lender Monte dei Paschi di Siena (MPS) will
undergo a "definitive recovery", Economy Minister Pier Carlo
Padoan said Thursday. he said "the precautional recapitalisation
is temporary and the definitively recovered bank will return to
the market". The government is set to put billions of euros into
MPS to help it recover after a liquidity crisis and under the
punishing weight of non-performing loans (NPLs).
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