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>> EUROPEAN CENTRAL BANK Latest News

JAN 26, 2013 - Zero Hedge

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Italian Scandal Widens As Italy's Third Largest Bank Set To Get Third Bailout In 3 Years; Draghi, Monti Implicated

While little has been said in the mainstream western press about the ongoing fiasco surrounding Siena's Banca Monte dei Pasci, Italy's third largest bank and the world's oldest which may get its third bailout in three years, for fears that it may break the thin veneer of "recovery" in the European financial system, the situation on the ground in Italy is getting more serious by the minute and could have implications on both next month's general election, reaching as high up as the ECB's head Mario Draghi. Several hours ago, on Saturday morning, the four-member board of the Bank of Italy - ... Read More

Tags: Italian Scandal Widens As Italy's Third Largest Bank Set To Get Third Bailout In 3 Years; Draghi, Monti Implicated,  European Central Bank Latest News