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Monti: Mps loan is 2 billion and will be repaid

Mario Monti also explained that "of the total 3,9 billion, 1,9 are repayments of previous Tremonti bonds" - "Italian banks were among the most solid throughout the financial crisis".

Monti: Mps loan is 2 billion and will be repaid

The resources for the 'Monti bonds' "are not money that goes from the State to MPS to stay there, but that will be repaid and with a high interest rate, and are 2 billion on a net basis". Thus the Prime Minister, Mario Monti, speaking on 'Radio 1'. Monti explained that of the total 3,9 billion, 1,9 are "repayments of previous Tremonti bonds".

“Italian savers – added Monti – whose nervous system has also been put to the test by rumors and electoral bullfighting, must know that Italian banks were among the most solid throughout the financial crisis and if we talk about Mps it is only because the European authorities have asked to increase the capitalization of Mps, and only of Mps”.

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