News Headline Summary

Italian finance minister Grilli says Monti bonds are designed to avoid systemic impact

Says:
- Monti bonds are pre-emptive action.

Update details:

- The so-called Monti bonds are coupons issued in return for equity at Banca Monte dei Paschi (BMPS IM) following the reports of troubles derivatives trading at the bank from over three years ago.

Print 16:49, 29 Jan 2013 - Economic commentary - Source: Newswires