Monte dei Paschi collapses awaiting today's board of directors, while on Wednesday the European Commission will give the green light to the restructuring plan of Monte dei Paschi, conditional on compliance with the commitments signed. According to what Il Sole 24 Ore Radiocor reports, there will be no surprises in the decision of the European Commission which will have to "formally close the Monte Paschi di Siena case".
The terms of the agreement had been agreed in early September between the Italian authorities and the European antitrust led by the Spanish Joaquin Almunia. The go-ahead is conditional on compliance with the commitments contained in the plan, commitments concerning the recapitalization and measures on the management of the credit institution. However, the situation still seems uncertain in the eyes of the market, which in Piazza Affari penalizes the MPS share with -10% after 9,30 at 0,17 euros per share.
