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Italy to Bail Out Two Venice Banks With $19 Billion Rescue Package
Link: https://sputniknews.com/europe/201706261054986092-italian-banks-state-aid/
Two banks from the Venice region, are to be bailed out by the Italian government because they are struggling to keep their heads above water. The government in Rome is to inject up to 17 million euros ($19 billion) to save the Veneto Banca and the Banca Popolare di Vicenza (BPVi). The two banks are struggling to cope with a large number of bad loans.
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