Bbg reporting a headline from Repubblica
- PM Renzi is considering a plan in which the govt might sell state-guaranteed asset-backed securities from Italian banks to the ECB
- one option could see “bad bank” set up by govt to take over bad loans
- the proposal has been reveiwed by state lender CDP chairman Bassanini and has been sent to the ECB and Bank of Italy
Italian PM Renzi looking to offload some bad bank debt
