(ANSA) - Brussels, June 19 - The European Commission, the
Euroepan Central Bank and Italian authorities are "working side
by side to reach a sustainable solution" on Veneto banks
Popolare di Vicenza and Veneto Banca "in line with EU rules",
Margaritis Schinas, spokesperson for Commission President
Jean-Claude Juncker, said Monday.
An EC spokesman said last week that a solution for the
troubled banks "is being found" that will not require a bail-in
for senior bondholders.
"The EC, the Single Supervisory Mechanism and Italian
authorities are working side by side," he said.
On Friday a consultant said the "frightful" damages caused to
Veneto Banca by its former heads has been provisionally
estimated at 2.3 billion euros.
EU working on 'sustainable solution' for Veneto banks (2)
With Italian authorities, ECB