Bank of Italy calls for greater powers of intervention
The Bank of Italy has called for greater powers of intervention as it seeks to stem criticism of its supervision of Monte dei Paschi di Siena, the world's oldest bank, which is at the centre of a derivatives scandal.
Italy has raised more than 9,5bn euros so far in 2012 from a housing tax introduced as part of emergency budget measures, and is on track to meet its target for the full year, the Economy Ministry said on Saturday.