Banca Monte dei Paschi di Siena SpA : Italian consumer watchdog appeals to block Monte Paschi bailout
02/27/2013| 05:22am US/Eastern
Italian consumer watchdog group Codacons said on Wednesday it had appealed a court ruling in which the government was given the green light to lend 3.9 billion euros ($5.10 billion) to troubled lender Banca Monte dei Paschi di Siena.
Codacons is seeking to block the bailout, saying it wants Monte dei Paschi nationalised.
A hearing will be held on March 8 by the administrative appeals court in Rome, the consumer watchdog said in a statement.