Italy's banking consolidation story stays in motion, with the country's largest lender raising its bid for Monte dei Paschi while flagging it could still walk away, keeping the dea
Italy's banking consolidation story stays in motion, with the country's largest lender raising its bid for Monte dei Paschi while flagging it could still walk away, keeping the deal alive but uncertain. On the fiscal side, the budget picture looks more cautious, with the government signaling a prudent approach and debt reduction pushed further out. Meanwhile, unemployment sitting at a fifteen-month high adds a soft spot to an otherwise mixed domestic backdrop.
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