Minister for Finance Michael Noonan  and Italy’s minister of  economy and finances Pier Carlo Padoan: the CDP proposal is still in a preliminary phase. Photograph: Olivier Hoslet/EPA

Italy’s economy ministry is examining the possible sale of a 15 per cent share in state lender Cassa Depositi e Prestiti (CDP), leaving a majority sta(...)

 Monte dei Paschi di Siena bank’s headquarters in Siena: institution is Italy’s third-largest bank. Photograph: Stefano Rellandini/Reuters

Italy is eyeing a private sector rescue of Monte dei Paschi di Siena, Italy’s third-largest bank by assets, in an attempt to sidestep tough EU curbs o(...)

Italian Prime Minister Matteo Renzi. Photograph: Geert Vanden Wijngaert

Even as Europe grapples with the repercussions of the UK’s vote to leave the European Union, a dispute over tens of billions of euro is also threateni(...)