Italy set to provide state guarantees on up to 19 billion euros in bank bonds
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ROME (Reuters) - Italy will be able to guarantee bonds issued by domestic banks for an overall amount of up to 19 billion euros to preserve financial stability, a draft government decree showed on Monday.The measure will be in place for six months, and can be prolonged for another six, provided the European Commission approves the extension, the draft document said.The state will also be able to provide a guarantee to boost the value of collateral put forward by Italian banks to borrow from the..