ROME Feb 22 An Italian court on Friday rejected
a consumer watchdog attempt to block a government plan to lend
3.9 billion euros ($5.16 billion)to troubled lender Banca Monte
dei Paschi di Siena.
In a judicial ruling, the Rome region court rejected the bid
by consumer rights' association Codacons to have the loans
blocked on grounds the bailout was harmful to Italy.
Codacons, which wants the world's oldest bank to be
nationalised, may appeal the decision to a higher tribunal.
Tuscan lender Monte Paschi was forced to request state aid
last year after failing to meet tough capital requirements set
by the European Banking Authority.
($1 = 0.7563 euros)
(Reporting by Virginia Alimenti, Writing by Naomi O'Leary)