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UniCredit's Profumo proposes 20-billion rescue fund
Head of Bank-Austria parent UniCredit, Alessandro Profumo, has announced his ambitions for a privately financed € 20 billion heavy rescue fund for troubled European banks.
UniCredit's Profumo proposes 20-billion rescue fund / Picture: © Vindobona.org
The pot should come from voluntary contributions of leading European institutions.
Head of Bank-Austria parent UniCredit, Alessandro Profumo, has announced his ambitions for a privately financed € 20 billion heavy rescue fund for troubled European banks. Such a pot that is fed by voluntary contributions from leading European institutions requires no funding from the EU or its…
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