ECB member and Governor of the Bank of Italy, Visco: It would be wise to be prepared for possible public aid for Italian banks

Market news

5 August 2016

ECB member and Governor of the Bank of Italy, Visco: It would be wise to be prepared for possible public aid for Italian banks

Monti Del Paschi rescue plan is challenging but conditions are there for it to succeed
Banks must continue to reduce branches
It may be necessary to consider special measures beside current welfare support to cut staff
Seriousness of economic crisis Italy experienced can justify state support for banks
Expects government to continue to stick to commitment to reduce debt burden over output
Nominal rates to remain low until Eurozone inflation is back in line with our price stability goal

Japan's leading index little changed in June

RBA statement on monetary policy: expansion in resource exports

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