Popular snaps reform, within 18 months of becoming 10 Spa – ANSA.it

Popular snaps reform, within 18 months of becoming 10 Spa – ANSA.it

After “thirty years” the government launches reform for banks. Not all, but only “the ten largest” with at least 8 billion in assets, will have a year and a half of time to change the skin, eliminate the-vote (one person, one vote) and turn into Spa. A “historic moment” says Prime Minister Matteo Renzi, reiterating that the country, despite boasting a banking system “serious, solid and healthy”, however, has “too many bankers and too little credit” and that the purpose of government is to strengthen the system to be ready to European challenges but without “damaging the small institutions” and without touching “the cooperative credit.” The decision, announced just a few days ago, comes with what had been christened ‘Investment Compact’, which becomes a decree on banks (and investment) with an eye to consumers, as pointed out by the Minister of Economy Pier Carlo Padoan, conf irming the measures for changing faster and above all without the costs of the current account (with compensation proportional to the delays for institutions that do not comply with the new terms, two weeks in all).

Padoan makes it clear that it was decided to proceed by decree “to give a signal of urgency” and that the government’s choice “reconciles the need to give a strong shock while preserving in some cases a form of governance that has served the country well. ” For this is part of the large, although in the future will be evaluated “other suggestions for amendment of governance” for small. Moreover, it intervenes in a gradual manner, indicating that they are 18 months to adapt “a time sufficient for a process that could be completed in much less”.

The project, however, will make the popular “stronger” and “more efficient” said Padoan. An intervention that has caused political controversy since the ads over the concern of the experts. And that would have met the strong opposition of Ncd, during the meeting of Ministers, with the intention of the party

Angelino Alfano now to keep the ‘hands-free’ for the conversion of the decree. The measure was born with the will to restart investment, but has lost his way several measures contained in the first draft, from the certainty of the rules for large investors, to ensure “a text slender”, waiting for the new head of state explain Graziano Delrio and the minister Federica Guidi, ensuring that in the future will be recovered. The ‘pact’ with the state that was to ‘freeze’ in particular the tax rules from unexpected (and retroactive) changes did not find space in the final version, as well as the redesign of the Central Guarantee Fund (which was to be extended to securitization you can then give the titles to the ECB as part of the plan of purchases of Abs mezzanine) or the creation of the single investment, a sort of ‘super agency’ in which to gather Ice, Invitalia and ENIT, for which already had suggested a role for Luca Cordero di Montezemolo, maybe in his capacity as adviser to the Prime Minister (“If I can personally make a contribution, I will gladly” was limited to say, when asked, the new president of Alitalia).

Among the measures confirmed the definition of innovative SMEs, which are extensive facilities for start up, the so-called ‘indirect lending’ to facilitate the provision of liquidity to foreign investors, but also the expansion of the ‘ patent box ‘(tax breaks for those who use patents in the building activity) to trademarks, to entice the big luxury groups, but also the’ food ‘, who have migrated abroad to return to Italy. It also comes the announced ‘newco’ to enter fresh resources in companies in crisis: the new company to the public-private participation, Guidi said, “will not do bailouts of ailing companies but” in firms in difficulty that can be described in short balance and useful. “