ROME Dec 22 Italy's government will meet late
Thursday or early Friday before European markets open to discuss
an emergency decree to bail out troubled bank Monte dei Paschi
di Siena, sources familiar with the matter told Reuters.
The salvage of Monte dei Paschi would be part of a
20 billion euro ($20.92 billion) safety net that Prime Minister
Paolo Gentiloni plans to set up beneath the banking industry.
Gentiloni said on Thursday the cabinet would meet on Friday
to discuss measures to help Italy's under-developed southern
regions. He did not mention the banking decree, leaving open the
door on a late-night meeting on Thursday.
($1 = 0.9561 euros)
(Reporting by Stefano Bernabei, writing by Gavin Jones; Writing
by Crispian Balmer)