An EU court ruling on bank bailouts has raised the likelihood of a political embarrassment for Italian leader Matteo Renzi, with the PM’s future and Italy’s eurozone membership on the line in an October referendum.
The European Court of Justice (ECJ) said on Tuesday (19 July) that Slovenia acted within EU law when it imposed a haircut of some €600 million on private-sector creditors as part of its bank rescue package in 2013.
It also ruled that the European Commission was within...
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