(Adds comments, background) MILAN, May 4 (Reuters ) – The government will present in the coming weeks measures to facilitate management of impaired loans accumulated by the Italian banks, with an intervention that aims to align national standards to foreign ones and is called a top priority. The Prime Minister Matteo Renzi spoke speaking at the Milan Stock Exchange and, while not providing details or on timing or content, grossed liking bankers present. ” I believe that in the coming weeks on the move bad loans and instruments designed to put the banking system under the same conditions as those of other countries will find the course and realization, “said Renzi. Two rails on which the government is moving: the extension that according Renzi some interventions would be ready, and that in Brussels, where instead the comparison continues: “We are negotiating with the EU and with the Commission in some cases of intervention, we have others ready to be made. For us this is an absolute priority, “said the prime minister. “There has been talk of alignment with Europe and this is the right recipe,” commented Roberto Nicastro, CEO of UniCredit, on the sidelines of an event in Milan. Nicastro gave some figures to highlight what the market is still suffering in Italy doing the comparison with Spain, where in 2014 transactions have covered the 15% of the stock compared to 3% Italian. Much satisfied with the response of Renzi, has said Gian Maria Gros Pietro, chairman of the management board of Intesa Sanpaolo: “I did not expect that the president could give me the technical indications on how the issue of banking regulations will be solved. I am satisfied because the president said it is a priority and we are happy. “ The government is studying measures to simplify bankruptcy procedures in terms of credits and aims to gradually reduce the time period within which you can deduct for tax losses from devaluation. More …
Monday, May 4, 2015
STEP 1-Banks, in the coming weeks on measures sufferings – Renzi – Reuters Italy
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