Italy versus Spain: two measures for solving the same banking problem

On 24 June, the Italian government announced that it would intervene in two banks, Veneto Banca and Banca Popolare di Vicenza. Both banks were to be wound down with each bank’s good assets being sold to the Intesa Sanpaolo banking group. Mara Monti compares the affair with the case of Spain’s Banco Popular, which was saved from collapse just a few weeks before, but using a notably different approach.