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

Angelo Riccaboni, President of the Santa Chiara Lab in the small Tuscan town of Siena, home to the world’s oldest bank, Monte dei Paschi di Siena (MPS) which faces massive layoffs as part of a planned corporate merger, poses for a picture in Siena, Italy, August 11, 2021. REUTERS/Jennifer Lorenzini