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Bookmark or Share- Banca Monte dei Paschi di Siena - WikipediaBanca Monte dei Paschi di Siena S.p.A. (Italian pronunciation: [ˈbaŋka ˈmonte dei ˈpaski di ˈsjɛːna]), known as BMPS or just MPS, is an Italian bank.Tracing its history to a mount of piety founded in 1472 (550 years ago) and established in its present form in 1624 (398 years ago), it is the world's oldest or second oldest bank, depending on the definition, and the fourth largest Italian ...
- Bail-In Definition - InvestopediaThe Cyprus Experiment While the public became familiar with the subject of bailouts in the aftermath of the Great Recession of 2008, bail-ins attracted attention in 2013 after government officials ...
- Eurozone - WikipediaThe eurozone (EZ), officially called the euro area, is a monetary union of 19 member states of the European Union (EU) that have adopted the euro as their primary currency and sole legal tender.The monetary authority of the eurozone is the Eurosystem.Eight members of the European Union continue to use their own national currencies, although most of them have agreed to adopt the euro in the future.
- Cyprus - WikipediaCyprus (/ ˈ s aɪ p r ə s / ()), officially the Republic of Cyprus, is an island country in the eastern Mediterranean Sea south of the Anatolian Peninsula.Continentally, it is often placed alternatively in Western Asia while being culturally tied to Southeast Europe.It is the third-largest and third-most populous island in the Mediterranean, and is south of Turkey and west of Syria.
- Bailout - WikipediaA bailout is the provision of financial help to a corporation or country which otherwise would be on the brink of bankruptcy. ... The levy of deposits that exceeded €100,000 was termed a "bail-in" to differentiate it from a government-backed bailout. The Bank of Cyprus executed the bail-in on 28 April 2013.
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