Italy prepared to buy bonds, savings shares to help banks

10/30/2008 | Wall Street Journal, The

Premier Silvio Berlusconi said the Italian government, the only one of Europe's four largest economies yet to use state money to aid the banking sector, is ready to help lenders. "If banks want to increase their liquidity or their capital, the state is ready to intervene by underwriting bonds and savings shares," Berlusconi said.

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