The health of Monte dei Paschi — which will be assessed by the European Central Bank as a condition<br />of the deal — will be a crucial measure to ensure the bailout follows the rules.<br />Monte dei Paschi is the first case in which the European Central Bank has exercised its oversight role under new bank bailout rules.<br />The central bank said in late December that Monte dei Paschi would need €8.8 billion to plug a shortfall in its capital.
