“We are aware of the current difficulties of the Italian banks: the low profitability and great suffering that have put pressure on the banks markets. But – said Dombrovskis – this is not a new phenomenon we are observing from the beginning of the year. Already at the last recommendations to Italy, we asked to address the problems of governance in the sector. A series of measures, such as securitization and the creation of funds, have already been adopted. Now we remain in constant contact with the Italian authorities and we are ready to step in. “
” When we apply the rules we have to apply them in their entirety: regarding recapitalisations may be possible if all the conditions, “he added. “I can not go into the specially in the situation of a bank like MPS, but I remember that so far – stressed Dombrovskis – with respect to the banking sector in general, steps have been undertaken in close collaboration with the Italian authorities. When we apply the rules we have to apply them in their entirety: regarding recapitalisations may be possible if all conditions are met. On the issue of state aid is greater competence of Commissioner Vestager, but we work together in having a viable solution. So far – he concluded – we did it, I think of the Fund Atlas. And now we continue to work with the same spirit. “
” A strong and stable financial system is a necessary condition ‘sine qua non’ for support to the economy, growth and employment ‘ , he continued. And then: “The main role of my office is to finance the real economy, providing stability and employment.” “We all know that after the Brexit expect tough decisions there. The financial sector will be among the hardest hit, but we hope that Britain will remain a very close partner to the EU “.
07/06/2016 09:31:53
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