Tuesday, February 3, 2015

Popular, Renzi: no turning back on one-vote, ready to trust – Reuters Italy

Popular, Renzi: no turning back on one-vote, ready to trust – Reuters Italy

ROME February 3, (Reuters) – The Prime Minister Matteo Renzi said tonight that it will not go back on the decision to eliminate the one-vote for the top ten Italian banks and to be ready to put the trust on the decree approved surprise by his government last month.

During the recording of Porta a Porta, Renzi said the Parliament “can improve” the decision but added that he does not see “any item not to exceed the principle of one vote”, ie the rule one person-one vote that has limited the contestability of cooperative banks and protected local interests that are represented in them.

” I am ready to put confidence, “said Renzi yet.

On 20 January, the Council of Ministers approved a decree that requires banks with assets over 8 billion within 18 months transformed into joint-action and thus overcome the rule of one vote .

The Parliament has 60 days to turn the decree into law .

(Francesca Piscioneri)

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