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Finance minister defends Italian bank loans

30.01.13 @ 08:54

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Italy's finance minister Vittorio Grilli said the government conducted itself appropriately when it lent the ailing Banca Monte dei Paschi di Siena bank €3.9bn, reports the Guardian. Grilli said the central bank provided "continuous, attentive [and] appropriate" checks to keep the Siena-based bank in line despite €700m in hidden losses.

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