Renzi: “The study intervention for bondholders banks saved, but it is not easy” – The Messenger

“These people, who deserve our proximity, depositors are not like everyone else: they bought securities, bonds particular, and we will try to find a solution, but of course is not the easiest thing in the world thinking about how today the bank market in Europe. ” This was stated by Prime Minister Matteo Renzi, speaking of the rescue of four Italian banks (CariChieti, Cassa di Risparmio di Ferrara, Banca Marche and Banca Etruria) took place on Sunday with the launch of a decree from the government. “So we do we do load – added the prime minister – but always remember that the alternative was closure.”

“The point is that those four banks would be closed if the government had not intervened,” said the premier. “The issue of the banks is very delicate, now has European rules,” recalled Renzi. The government intervened by applying “the new EU rules. We see, as I hope, to give a minimum signal strength being amendments. “

Meanwhile, the government and the majority continue to work with the law of the Stability and among the new check just the fate of the four banks and their savers. Savers hardest hit would be “sustained” with a Solidarity Fund specifically to be included in the Stability Law. Incurred and not compensated, would point out, however, the economy minister Pier Carlo Padoan. To comply with the European directive, but the audience of investors involved is minimized. The amendment of the Democratic Party then creates a fund specially defined “solidarity” for investors reduced by the loss of obligation “under the poverty line.” The resources included amounts to a total of 120 million, 40 million and 80 million in public arrival, the intentions dem, from the banking world.

Easy to predict battle on the proposal, in particular by the opposition: M5S (which also organized a demonstration in the square in the House), League, Italian Left but Forza Italy ask clarity.

“The Democratic Party has bailed out the banks – he writes on twitter leader of the Movement Five Stars, Beppe Grillo – Now we save savers. ” “There are 130,000 savers ruined by the government – is to account Matteo Salvini via Facebook – and Renzi gives a fuck.”

If the attention is focused on the investors there are those who like the president of the Budget Committee
 House Francesco Boccia thinks should imagine a solution for the shareholders. “Some – in fact explains – it has become without realizing perhaps entering into the mortgage
 on the house “and therefore should be helped, maybe by building” a bridge between the bad bank and the new company “that were created with the standards saving banks and allowing” the added value created by them could be diverted at first. Those who have lost so could get back something. ” Or maybe using, as suggested by the M5S – always says Boccia – also the proceeds from the sale of diamonds and valuable properties owned by banks saved. Proposals which should however be accompanied also some tax rebates (deductibility of voluntary contributions to the resolution fund) in favor of their lenders.
 

 Saturday, December 5, 2015, 20:41

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