Italy Threatens ECB With Blackmail; Demands More Time For Monte Paschi Rescue
by Tyler Durden
ZeroHedge.com
Dec 7, 2016
Rome is demanding the ECB give it more time to rescue the third largest Italian bank. That was to be expected, what is surprising, however, is that as the FT adds, Italy is “preparing to blame the bank for losses imposed on bondholders if Rome is forced into an urgent state bailout”, a negotiating tactic some could call blackmail.
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