The measures taken by Italy and
approved by the EU to right Monte dei Paschi di Siena (MPS) were
aimed at getting it back on its own two feet, European
Competition Commissioner Margrethe Vestager said Thursday in
reply to a question about the possible nationalisation of
Italy's third-biggest and the world's oldest bank. The
preventive recapitalisation of MPS was based on "the idea of it
being a question of a temporary thing," enabling one to
"restructure and make sustainable" the bank, she said.
Therefore, the operation aimed to "get out of it once the
situation returned to calm waters" with a bank that "once again
was walking on its own legs".
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