Banks and flexibility, Merkel freezes Italy: you can not change the rules every two years – The Messenger

Angela Merkel freezes Italy on new spaces in a flexible policies, particularly for the banking sector : “I believe that some flexibility has been granted to certain countries to promote growth. Looking especially to Italy, I can say that we have adopted different solutions, but we can not renegotiate every two years the banking industry rules. “

For his part, Prime Minister Renzi, ensuring that there is no risk to the money of the depositors Italian even with the tools available now, he pointed out that “no one wants to change the rules for bank rescues. The question is not on the agenda. ” And again: “Italy has the ambition to lead the path to change EU coming here to bring ideas and proposals, not asking for exceptions, because there are spaces in the rules to do all that is needed in our country” .

“None of us wants to change the rules. The rules have been changed the last time in 2003 to enable France and especially Germany to exceed the 3% ceiling. Then the Italian government, led by Silvio Berlusconi, agreed to change the rules to do a favor for France and Germany “, he has again emphasized the Prime Minister at a press conference following the European Council in Brussels, the German chancellor, according to which you can not renegotiate every two years, the EU rules concerning the banking sector.

“This happened in the past – added Renzi – but it has not happened, because we have a great ability to comply with the rules and we continue to do so. The banking issue is not on the agenda, because it does not see in requests for rules changes. As you know we have lost the opportunity to intervene in a structural way, as did Germany, which has put the 247 billion euro to rescue its banks. Italy did not do it, because who was going to the government, the presidents Berlusconi, Monti and Letta that respect, when you could do no have done. “

” No use crying over spilled milk. What we are absolutely certain is that, if there were any problems, we would be in a position, as things stand, to protect the money of depositors and citizens, “he still said the prime minister.

” We we put the system (bank, ed) in security, we did cleaning, we made the operation banks, which is to avoid the scandals, I hope that the actions of responsibility you do, “he explained at the press conference. “If there had been upstream a bad bank would be better, but you chose not to do it and we have used the solutions that were possible,” he said Renzi, explaining that “this government has rescued depositors and citizens’, and both now “in a position to assure citizens that their money is safe.”

“as is known – said the prime minister – we have lost the opportunity to intervene in a structural way as did Germany around in 2010-2011, when he put 247 billion of euro to save banks. Italy did not do so because he who was the Government has decided not to do it, it is no use crying over spilled milk. ” Especially since “we can not do that now that the rules are different.” The Prime Minister was keen to reassure: “My message is: there is no risk to the taxpayer’s money, the citizen. The tools are there to protect. “