Rome is bailing out Monte dei Paschi while trying to shield 40,000 bondholders, but Frankfurt is raising objections.

ECB calls for more cash (or less)

An Italian government official told Reuters on Tuesday that €20bn earmarked for the rescue of the Italian banking system should suffice.

The reassurances come as the European Central Bank (ECB) warned the Italian Monte dei Paschi di Siena it needs €8,8bn rather than €5bn to meets capital buffer requirements. The ECB still considers the ...