MPS intervention for definitive recovery (2)

(ANSA) - Rome, January 12 - 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).