The European Commission, the
Euroepan Central Bank and Italian authorities are "working side
by side to reach a sustainable solution" on Veneto banks
Popolare di Vicenza and Veneto Banca "in line with EU rules",
Margaritis Schinas, spokesperson for Commission President
Jean-Claude Juncker, said Monday.
An EC spokesman said last week that a solution for the
troubled banks "is being found" that will not require a bail-in
for senior bondholders.
"The EC, the Single Supervisory Mechanism and Italian
authorities are working side by side," he said.
On Friday a consultant said the "frightful" damages caused to
Veneto Banca by its former heads has been provisionally
estimated at 2.3 billion euros.
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