Monte dei Paschi bailout shouldn't be seen as a done deal, says ECB member

President of Germany's Bundesbank questions wisdom behind rescuing Italy's third-largest bank if it is in a bad financial state

A bailout of struggling Italian bank Monte dei Paschi should not be seen as a done deal, a key European Central Bank policymaker has said.

Jens Weidmann, president of Germany's Bundesbank, said the Italian government ought to consider whether it should rescue the bank if it is in a bad financial state.