Italy’s problem bank casts a long shadow over Draghi’s summer

FILE PHOTO: General view of Piazza del Campo, in the small Tuscan town of Siena, home to the oldest bank in the world, the Monte dei Paschi di Siena (MPS) which faces massive layoffs as part of a planned corporate merger, in Siena, Italy, August 11, 2021. REUTERS / Jennifer Lorenzini