Italy's Finance Minister Padoan Criticizes ECB

What was the main reason for the Italian Finance Minister's criticism of the ECB's request?

• The request was made too late.

• The amount of capital requested was too low.

• The ECB's communication method created an impression of instability.

• The ECB did not consult the Italian government.

Who will have the final say on the amount of capital for Monte Passkey?

• Germany's Finance Ministry

• Monte Passkey's Board of Directors

• The European Central Bank and European Commission

• The Italian Finance Minister

What did Prime Minister Gentiloni indicate about the recapitalization process?

• It will be completed in a few weeks.

• It will not require a new business plan.

• It will be a long and drawn-out process.

• It will be handled solely by the Italian government.

What is Marcus Ashworth's proposal regarding retail subordinated bondholders?

• Exclude them from the recapitalization process.

• Increase their investment in Monte Passkey.

• Allow them to sell their bonds at a premium.

• Convert their holdings to senior debt.

Why is the Italian government concerned about the impact on small investors?

• Small investors hold the majority of Monte Passkey's shares.

• Upcoming elections make it crucial to avoid upsetting them.

• They are planning to increase taxes on small investors.

• The government wants to encourage more small investors.