On Air Now

Listen

Listen Live Now » 93.7 FM Sheboygan, WI

Weather

Current Conditions(Sheboygan,WI 53081)

More Weather »
64° Feels Like: 64°
Wind: W 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Mostly Clear 60°

Tomorrow

Partly Cloudy 77°

Thurs Night

Thunderstorms Late 62°

Alerts

Italian consumer watchdog appeals to block Monte Paschi bailout

The entrance of Monte Dei Paschi bank headquarters is pictured in Siena January 24, 2013. REUTERS/Stefano Rellandini
The entrance of Monte Dei Paschi bank headquarters is pictured in Siena January 24, 2013. REUTERS/Stefano Rellandini

ROME (Reuters) - Italian consumer watchdog group Codacons said on Wednesday it had appealed a court ruling in which the government was given the green light to lend 3.9 billion euros ($5.10 billion) to troubled lender Banca Monte dei Paschi di Siena .

Codacons is seeking to block the bailout, saying it wants Monte dei Paschi nationalised.

A hearing will be held on March 8 by the administrative appeals court in Rome, the consumer watchdog said in a statement.

($1 = 0.7649 euros)

(Reporting by Giuseppe Fonte. Writing by Steve Scherer.)

Comments