Italy could pay as much as 17 billion euros to wind down Veneto banks – minister

ROME/MILAN (Reuters) – The Italian state will pay 5.2 billion euros (4.58 billion pounds) to wind down two ailing Veneto-based banks and transfer their good assets to Intesa Sanpaolo, but the final cost for the state could rise to up to 17 billion euros.

from Reuters: Top News http://uk.reuters.com/article/uk-eurozone-banks-italy-veneto-idUKKBN19G0L9?feedType=RSS&feedName=topNews

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