Access Investments-European Union- ROMANIA

Reuters writes that the 2 billion Euros "investment" needs to be approved by the European Commission, which needs to check whether the transaction occurs at the market price or if it represents a state aid. Shortly after, a report appeared in Italian daily La Stampa, where it is state that the authorities in Rome have asked for a 15 billion Euros financial aid from the European Stability Mechanism (ESM) to prop up Italy's banking system. Shares of Italian banks rose significantly following the news, with Monte dei Paschi, being the best "performer", with a rise of about 10%. "No request for the ESM is being prepared", a spokesperson of the Italian treasury said, according to Financial Times.  With the resignation of the government led by Matteo Renzi, who has announced on his Twitter account that the budget law has been approved, Italy's "Aeneid" in the Eurozone enters a new stage and nobody knows when the country is going to turn that corner.  As for Greece's "Odyssey", Bloomberg asks whether the plan to cut the debt burden isn't too small and applied too late, reminding that the IMF sees the fiscal targets as unrealistic and the debt as far too big. Right now all we have to do is wait, even though we probably won't have to wait as many years as have passed since the aggravated phase of the sovereign debt in Europe, to find out whether Greece and Italy will "kick the bucket" once they "turn that corner".