European Central Bank
President Mario Draghi on Monday praised Italy's overhaul of its
insolvency regulations. "The recent reform of the the law that
disciplines the state of insolvency should be evaluated
positively," Draghi said. The comments come amid a furore over
four small troubled Italian banks that have been saved courtesy
of a government decree, although bondholders in the lenders,
including many small investors, have lost their money.
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