ECB's Weidmann says state involvement in rescue of Italian banks can't be ruled out

Jens Weidmann, president of the Bundesbank, speaking with Frankfurter Allgemeine Zeitung on Sunday

• Italian bank Monte dei Paschi di Siena is I urgent need of a bailout; on Friday the ECB Monte dei Paschi's request for time to complete its 5 bn euro cash call for cash
• This puts pressure on the Italian government to assist in place of the ECB

Said Weidmann:

• "The participation of the state alongside investors in a crisis solution can never be excluded"

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via Reuters