Italy govt prepares to defuse bank loan crisis

Italy's government on Tuesday prepared to defuse a potential crisis threatening the country's banks, which may have to refund customers huge amounts of loan interest payments after a Supreme Court ruling.

Prime Minister Giuliano Amato's cabinet gathered for a regular meeting on Tuesday morning but it was believed ministers would discuss a warning by Bank of Italy governor Antonio Fazio that the court ruling could be ruinous for Italian banks and damage the economy.

Fazio's note of doom, sent in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: