Policy Briefs

M. Messori – Monte dei Paschi di Siena: The ball is in the Italian government’s court

In the final days of 2016, the definitive failure to implement a market recapitalization of Monte dei Paschi di Siena (MPS) led to the launch of a public “precautionary recapitalization” and connected decree-law (see Decreto-Legge 237/2016, December 23d: DL 2016). However, the MPS saga is far from over.

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