Eurozone Not Planning Italy Aid Program

December 9, 2016 Share Print 0

The euro zone bailout fund is not preparing financial support for Italy though some individual Italian banks have problems and need to raise capital, the head of the fund said on Friday.

Klaus Regling spoke two days after the Italian daily La Stampa reported that Italy was set to ask the ESM for a loan of 15 billion euros, quoting sources from the Treasury.

“We are not preparing anything. There are lots of rumours … but this is not the case, we have not been approached by the Italian government (for help),” Regling told reporters in the Finnish capital Helsinki.

Reuters

XAU/USD – Gold Steady as Jobless Claims Match Forecast

APAC Corner: ECB Trims, but Euro looks Flabby

UK Trade Deficit Narrows in October

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Bio
Twitter
Latest Posts

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.