Five Billion Euro Taxpayer Bailout for Italy’s Monte dei Paschi Bank

‘Following Prime Minister Renzi’s defeat in the Italian referendum troubled bank Monte dei Paschi di Siena has been told to prepare for a state bailout.
Despite the relatively calm market reaction, principal investor Qatar is reportedly reconsidering its participation in the five billion euro recapitalization of the world’s oldest bank.
Financial experts are worried a failure to buoy Italy’s third-largest lender may dent investor confidence in the country’s banking sector that is drowning in €360 billion of bad debt.’
Read more: Five Billion Euro Taxpayer Bailout for Italy’s Monte dei Paschi Bank