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"There is still work to do and lessons to be learnt" to strenghten the banking resolution system, said Eurogroup president Jeroen Dijsselbloem. (Photo: ECB)

Eurozone ministers look at 'lessons' to save banks

Eurozone finance ministers endorsed Italy's rescue of some of its banks on Monday (10 July), but said that European rules on banking resolution should be strengthened.

Last month, the Italian government decided to provide up to €17 billion to save Banca Popolare di Vicenza (BPVI) and Veneto Banca, which were at risk of failing due to massive debts.

The plan came as the government is also trying to

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"There is still work to do and lessons to be learnt" to strenghten the banking resolution system, said Eurogroup president Jeroen Dijsselbloem. (Photo: ECB)

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