Weekly Strategic Insight - 03rd July 2017

Candriam
 
03/07/2017
Last week, investors positively reacted to the Italian government’s decision...

Last week, investors positively reacted to the Italian government’s decision, initially approved by the European commission, to rescue two small regional banks for up to USD17 billion euros. The Single Resolution Board judged that Veneto Banca and BP Vicenza were not systematically important, sidestepping the Bank Recovery and Resolution Directive. Undoubtedly, a fresh political wind in Europe is changing the established landscape and has helped swiftly resolve this Italian issue.

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