Govt didn't underestimate bank risks - Zanetti

'Rescued many other savers, staff' says undersecretary

(see previous).
    (ANSA) - Rome, December 11 - The government did not underestimate the risks attached to four small banks it recently rescued leaving thousands of shareholders and bondholders - one of whom committed suicide - with their savings up in smoke, Economy Undersecretary Enrico Zanetti said Friday. "The government did not underestimate the risks, they were banks that had been put into administration some time before, and without our intervention many other savers and staff would not have been saved," he said.
   

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