– Council of Ministers has approved the reform of the cooperative credit . This was announced by Matteo Renzi. As for rules, amended by maxi decree, relating to reimbursement for those who lost money with the failure of the four banks Prime Minister explained that “there is no need for a law, because the law of stability already provides a path. “
” There ‘ He was no slip or referral, “assured Renzi, but the choice” not to change laws that are already active. It is waiting for the Prime Ministerial Decree and the Ministerial Decree which are substantially ready and will be presented in the coming days. “
The reform of cooperative credit – The cooperative credit banks reform plans substantially all the institutions of this kind, which are a little less than four hundred, should stay inside one large group. Anyone who wants to get out of it will have to have at least two hundred million euro of reserves and will have to pay 40 to the state.
“Essentially, the plan provides for the idea of a group that has a minimum equity of one billion, making it a very solid group – said Renzi -. Reasonably there will be a group that will be a big umbrella rescue and cohesion for all Bcc who decide to stay inside. The remains of the BCC model but must stay inside a system that will have more strength and solidity. “
” Italy needs a bit ‘largest banks “ -” There hope “that the cooperative banking reform” should be implemented in the most intelligent and innovative way possible by individual subjects of cooperative banks: I hope can quickly merge, join, join, while respecting their autonomy, “he concluded Renzi stressing that” the ‘ Italy needs a little bit bigger banks. “
Renzi:” Italian banking system is solid “ – this, said the prime minister, is not tied to a weak Italian banks. “we are not worried about the Italian system”, he said, but with the new measures “but we give an additional tool to the bankers to do everything in their power to consolidate further.”
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