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World Business Report: First broadcast 2017/06/26 00:06 GMT: Italy bails out two troubled banks

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Italy bails out two troubled banks

First broadcast 2017/06/26 00:06 GMT

First broadcast 2017/06/26 00:06 GMT: Italy bails out two troubled banks

BBC World Service - World Business Report, Italy bails out two troubled banks

It could cost the government up to 17bn euros

The government's initial bailout of 5.2bn euros will ensure "the good health of our banking system".

The Italian government is bailing out two banks in the Venito region at an intial cost of 5.2bn euros. We hear more about the deal from a former Chief Economist of the Treasury in Rome, Lorenzo Codogno.

The Japanese airbag manufacturer Takata has finally filed for bankruptcy. Exploding airbags have been linked to at least 16 deaths which has led to about a hundred million cars and trucks being recalled. Kevin Dean, a lawyer representing clients seeking compensation doesn't think this will stop the legal process.

We celebrate the ATM which is fifty years old this week. They have changed the way we bank and despite the onset of electronic payment methods, still have an important future.

Image: The logo of one of the banks Credit: MARCO BERTORELLO/AFP/Getty Images

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First broadcast 2017/06/26 00:06 GMT: Italy bails out two troubled banks

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