Mario Draghi Takes Renzi’s Side On Italian Bank Bail-in Dispute

by Geoffrey Smith

…up to a point

European Central Bank President Mario Draghi weighed in–ever so tentatively–on behalf of his compatriot Matteo Renzi Thursday in a simmering row over how to fix Italy’s broken banks.

In an otherwise low-key press conference, Draghi said that the availability of state bailouts to recapitalize banks was an important part of solving the problem of non-performing loans and restoring banks to a position where they could lend more freely to creditworthy customers.

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