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;