The Eurogroup President Jeoren Dijsselbloem say they share the concerns about the Italian banks, but excludes have liquidity problems. The accommodation of our institutions, he adds, can not be made by circumventing the directive on banks and the new rules on the bail-in. “Other countries have managed to restructure their banks with public transport and Italians have not done so – he said speaking at The Hague, according to reports from Bloomberg – But now we have more stringent rules.”
Eurogroup president intervened in the debate to the national parliament on the economic and financial situation of the euro area and then in an interview with Dutch TV Nos, adding that the European rules on rehabilitation and on bank resolution must be respected. Dijsselbloem also indicated to share the concern about the situation of Italian banks.
Renzi: “The real question are derivatives of EU banks’
His speech appeared as an answer to the Italian Prime Minister, who yesterday stressed that” the real question on the European finance I am not the npl (non performing loans) Italian but derivatives of other banks. It is an issue that goes to the solution but it is one, the derivatives of other banks are worth a hundred. ” The problems of Italian npl, then underlined Renzi, “must be solved, can be solved and are being worked on and through the newly introduced regulatory changes through private initiatives and market fielded. There is a direction that goes towards solving the problem of npl. “
On the assumption of a public bailout parachutes actually the European Commission has repeatedly appeared more open, stating that there are margins to intervene in exceptional cases within the European rules.
The words of Dijsselbloem did not like to Gianni Pittella, President of the Socialists and Democrats in the European Parliament. “It is not the first time – says Pittella – that the Eurogroup president shows his inexperience in making statements. He should do more ‘attention to his words. Italy does not require the revision of EU rules on banks but on the contrary calls for its full implementation, including the planned possibility of possibly preventive recapitalization.
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