EU's Vestager "confident" can reach agreement with Italy on "bad bank"

September 10, 2015 8:26 AM

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ROME, Sept 10 The European Commission is confident it can reach agreement with Italy over a stalled plan to set up a bad bank to help relieve the country's lenders of mountains of debt, the EU competition commissioner said on Thursday.

Italy's plan to set up a "bad bank" to help relieve lenders of some 350 billion euros of soured loans has stumbled because of European rules on state aid.

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