22/12/2016 Italy approves €20bn plan to prop up its troubled banks
Italy Bank Bailout: State bails out Monte dei Paschi bank for $21B
Italy approves bailout fund for failing banks, including Monti dei Paschi
Italian banking crisis looms - economy
The crisis in Italian banking | FT Business
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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