January 31, 2020 / 1:20 PM / 25 days ago

Italy discussing options for Monte dei Paschi soured loans with EU

ROME, Jan 31 (Reuters) - Italy is discussing with the European Commission a number of options to rid state-owned bank Monte dei Paschi di Siena of a large chunk of its soured loans, a top Treasury official said on Friday.

Treasury Director General Alessandro Rivera told Reuters nothing definite had yet been agreed and an option to allow the bank to shed the loans without incurring into losses was still on the table.

Reporting by Giuseppe Fonte, writing by Valentina Za; editing by James Mackenzie

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