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Italy will not need support from the ESM

  • Italy "will not need" the support of the European Stability Mechanism, Economy Minister Pier Carlo Padoan told La Repubblica, when asked about the possibility that Rome tapped the eurozone bailout fund.
  • He also confirmed that Italy will inject €6.6B of public money into Monte dei Paschi (OTCPK:BMDPY) after the bank's failure to complete a capital boosting plan.
  • ETFs: EWI, HEWI, DBIT

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BMDPY--
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