The scandal centers on losses of 730 million euros ( $ 975 million ) from financial products . German Chancellor Angela Merkel has said she will not stand for a fourth term in office and is expected to announce her decision by the end of this year. Berlusconi would be a `` disaster '' for the Italian economy . Mussari was chairman of Monte dei Paschi from 2006 before stepping down last year .
The scandal centers on losses of 730 million euros ( $ 975 million ) from financial products . German Chancellor Angela Merkel has said she will not stand for a fourth term in office and is expected to announce her decision by the end of this year. Mussari was chairman of Monte dei Paschi from 2006 before stepping down last year .