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No State cash for stricken investors - EU (2)

'Not humanitarian crisis'

(ANSA) - Brussels, December 11 - Any easement for bereft investors in four rescued banks cannot be made directly by the State, EU sources said Friday as the government was set to frame a budget measure to help shareholders and bondholders in Banca Marche, Banca Etruria, CariFe and CariChieti. The failure of a bank and the ensuing loss, for example of an apartment by stricken investors cannot be considered a humanitarian crisis such as those caused by floods or other natural disasters, the sources said on the government's mooted humanitarian package for investors.


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