Italy bank rescue divides Europe26 Jun 2017—Reuters
Italy's multi-billion-euro closure of two lenders drew sharp criticism on Monday for hurting a project devised to underpin confidence in the euro zone during the financial crash.
As lawmakers digested details of the rescue, which involves the state rather than investors bearing most of the cost, many criticized Rome for breaking with the spirit of a framework known as banking union -- and the European Commission in Brussels for allowing it do so.
Under a deal sealed over the weekend, Italy...