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22/12/2016 Italy approves €20bn plan to prop up its troubled banks

2:44

Italy Bank Bailout: State bails out Monte dei Paschi bank for $21B

0:59

Italy approves bailout fund for failing banks, including Monti dei Paschi

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Italian banking crisis looms - economy

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The crisis in Italian banking | FT Business

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Shares in Italian bank plunge amid bailout fears

Italian parliament approved the €20bn plan to help the country's weaker banks. The plan started with a bailout for the 3rd largest bank, Monte dei Paschi di Siena, which failed to raise €5bn from private investors. Founded in 1472, Monte dei Paschi is likely the oldest surviving bank in the world.
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