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Although the bailout goes against the EC’s grain, analysts see the rescue as a good solution.
Two days after the European Central Bank (ECB) warned that Banca Popolare di Vicenza and Veneto Banca were failing or likely to fail, the Italian government came to the rescue with a €5.2 billion ($5.8 billion) bailout package at the end of June. Under the deal, the good assets of the banks were sold to...
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