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Italy’s Bank Bailout Serves German Interests Too

Krauss, Melvyn, (2017), “Italy’s Bank Bailout Serves German Interests Too”, Bloomberg View, 7 July

As Europe’s politicians digest the lessons from Italy’s recent 17 billion euro ($19.34 billion) bailout of two Venetian banks, two schools of opinion have emerged. The majority view is that the bailout, while less than ideal, at least brought greater financial stability to Italy.

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