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This article was published on Dec. 10, 2015 at 13:13.
The last change is the December 10, 2015 at 14:23.
“It is impossible for the EU rules save permanently shareholders and subordinated bondholders but we are looking for with great commitment and tenacity to find a solution, within the limits of European regulations, to have a form of options. We’re working on it”. This was stated by Prime Minister Matteo Renzi about the recent bailout organized by the government of four regional banks: Banca delle Marche, Banca Popolare Etruria and Lazio, Cassa di Risparmio di Ferrara and Savings Bank of the Province of Chieti. In line with European regulations, the operation imposed on subordinated bondholders to take losses. However, it quickly emerged that among investors affected are small investors in obvious economic difficulties. Renzi, during a press conference at Palazzo Chigi (to illustrate the project “Educate a Child” for Syrian children of Enel and UNHCR) recalled that the government decree with the saving banks’ has saved thousands of jobs and all current accounts “and is” intervened when those four banks were in danger of not open. “
By the time the assumptions in the study of the government remains that of a solidarity fund by 100 million, financed for third with public money and resources with two-thirds of the banks. With this fund would ensure the “relief” for about a third of the losses incurred by the underwriters of the bonds subject of four banks enter the “resolution” (nearly 350 million the value zero in the retail sector).
Renzi: favorable to commission investigation
The President of the Council then gave its green light to the hypothesis of a commission of inquiry. “There is in the best interests of the government that all authorities make every effort to clarify the responsibilities of the past. We see a good eye open for Parliament committees of inquiry on what happened in the Italian and European banking system in recent years. “
” Pain for pensioner died but not to exploit “
For the Government the Prime Minister expressed “his pain” and did his condolences to the family of the man who took his life after losing his money invested in the Bank of Etruria, one of four involved in the rescue. But he cautioned: “I’m not used to manipulate life and death for some people. The government expresses “but is working to find solutions.”
Salvini: if I were to ask the Government zeroing Bankitalia
The story of the rescue of the banks also intervened League leader Matteo Salvini, interviewed in the Face to Face Mix24 on Radio 24. “I’m paid to watch. What were watching? Where they were? Banca Etruria, CariFerrara, MontePaschi, where vigilantes? It was up to them, they should pay them. ” So if you were in government would ask for the resignation of Governor of the Bank of Italy? “The elimination of the Bank of Italy, absolutely,” replied Salvini. Ie resignation of the governor? “Absolutely,” he concluded the leader of the League.
Guzzetti: evaluate relapse bailouts, Acre solidarity
Giuseppe Guzzetti, chairman of ACRI (Association of Foundations and Savings Banks) and the Cariplo Foundation, spoke instead on the possible intervention of the association in support of foundations in the capital of banks saved with the government measure. “ACRI is an association of solidarity – said Guzzetti -. We are trying to pursue this issue with foundations interested. ” As shareholders of the various foundations (Foundation Carichieti, Carife Foundation, and the foundations of Banca Marche Macerata, Pesaro, Fano and Jesi) they have in fact seen off the value of its investment.
Renzi: EU is not doing everything he can on migrants
In the press conference the Prime Minister Matteo Renzi also spoke about immigration and the fight against terrorism. On migrants’ something moved but Europe is not doing everything he can, “said Renzi, who added:” Italy does not need help, we can do without Europe: is Europe that can not betray itself and its ideals. Do not just wash your conscience giving some money to a few countries. “
” Ready to take action against Isis, but I do not play risiko “
Renzi reiterated his opposition to Italian air raids against Syria Isis. So no to ‘reactions belly, “because” serves a long-term strategy in Iraq, Syria, Africa. ” “We are ready to take action where it is needed – assured the prime minister – in a context of international agreement, if the conditions are met. But not without a strategy for the next. A prime minister does not play risiko to please the commentators’
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