The Italian government and UniCredit are preparing to cancel negotiations on MPS after efforts to reach an agreement on the recapitalization plan have failed.
This is what Reuters writes on its website.
According to reports from the agency citing 2 sources, Rome has decided that it will not be able to meet Unicredit's requests for a recapitalization package worth over 7 billion euros as this would make the agreement "too punitive" for the taxpayers.
The impossibility of reaching an agreement based on the conditions set in July also affected.