MILAN Oct 18 Former industry minister Corrado
Passera will explain his alternative rescue plan for Monte dei
Paschi di Siena to Italian market watchdog Consob on
Tuesday, a source close to the matter said.
Passera's plan represents a challenge to a JP Morgan
five-billion euro ($5.5 billion) recapitalisation scheme for the
Tuscan lender that appears to have stalled because of scant
Monte dei Paschi's board was meeting to examine Passera's
plan and was expected to issue a statement later on Tuesday.
($1 = 0.9105 euros)
(Reporting by Paola Arosio, editing by Silvia Aloisi)