Review of Saudi’s 2017 Budget Announcement, and Italy’s 3rd largest bank state-bailout
Saudi Arabia | Economy
On Thursday's (22/12/16) newspaper review with BBC World News, OBG Editor-in-Chief, Oliver Cornock discusses the short-term pain and long-term gain of the Saudi budget announcement, and the enormity of its impact on the global economy. The review also discusses Italy’s struggling banking sector following the cabinet’s approval of the state-bailout for Banco Monte dei Paschi di Siena, the third largest Italian commercial and retail bank by total assets.
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