Monte Paschi Loans to Play Role in Italian Election

Monte Paschi Loans to Play Role in Italian Election Play

Jan. 27 (Bloomberg) -- Bloomberg's Andrew Davis reports that the Bank of Italy approved 3.9 billion euros ($5.3 billion) in emergency loans for Banca Monte dei Paschi di Siena SpA, meaning Prime Minister Mario Monti may have to push ahead with the unpopular bailout before elections next month. He speaks on Bloomberg Television's "The Pulse."

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