State can compensate small savers over misselling of bank bonds - EU's Vestager
Speaking at a parliamentary hearing on Tuesday, Commissioner Margrethe Vestager also said she was in contact with the Italian government over the issue.
A string of banking crises handled under new EU rules imposing losses on investors in a lender have left thousands of ordinary Italians out of pockets in recent years. Italy's 2019-2021 budget has earmarked 525 million euros (451.8 million pounds) a year to repay shareholders in lenders wound down between Nov. 16, 2015 and Jan. 1, 2018.
(Reporting by Giuseppe Fonte, writing by Giselda Vagnoni, editing by Valentina Za)