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It said the ECB made the updated calculation of BMPS's capital needs on Thursday, the day the bank confirmed its effort to raise funds from private investors.Italy on Friday approved a state-funded rescue of Tuscan lender BMPS without citing a specific figure.Blue Mountain Pottery (BMP) is generally recognized for its traditional flow-green glaze.This glaze was the original artisans attempt to portray the colors which appear on the face of the Blue Mountain during the spring and summer.According to the Italian economic newspaper Il Sole 24 Ore, the Italian government will need to invest some six billion euros in the lender and the rest would be raised through the forced conversion of bonds into equity.
After a hostile bid by the French company BDDP, BMP was bought in 1989 for £125 million (0 million) by DDB Worldwide, part of Omnicom Group, the giant American marketing services holding company.The eurozone central bank also noted that the bank's liquidity had deteriorated between November 30th and December 21st.
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