Practical World True News Magazine

Practical World True News Magazine
all true news you need to wake up to yourself !

Practical World True News Magazine

#Business : Bank of Italy Governor Visco said: '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 

To be honest, they'd have more luck flogging it at a car boot sale than their current attempts to get a rescue deal done.


Now talking with his ECB hat on;
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