There is scope to influence Italian banks, although there remains the issue of state aid. This was said in Brussels, about the Italian banks, the German Finance Minister, Wolfgang Schaeuble, explaining that the European Banking Directive Brrd “allows preventive measures under certain conditions for banks solvent,” but “when the Brrd this clause is used “and the commission determines that there is a systemic risk for the banking industry” remains the issue of state aid ‘.
German Chancellor Angela Merkel does not expect any crisis in Italy resulting from the need to recapitalize some banks in the country. ‘As regards Italy, there are intense discussions of the Italian government and the European Commission, the finance ministers are now talking about, “Merkel said during a news conference with Irish Prime Minister Enda Kenny. “I am very convinced that the issues to be addressed will be resolved in a good way. I do not see critical developments on the whole, “he added. “I am very confident that we will reach an agreement soon that will be ‘in the best interest of Italy, of Europe in the framework of the existing rules”, confirmed Minister of Economy Pier Carlo Padoan
Even by the Commission openings come from members considered “hard”. “The Commission is working constructively with Italy in many ways, for example on how potential challenges in the banking sector can be addressed compliance with European rules and without having adverse effects on retail investors,” stated the vice-president of the EU Commission Valdis Dombrovskis. The head of the fiscal surveillance has explained that it is “premature” to discuss the impact that any aid to banks may have on the Italian public debt, “since there is no official request from the Italian authorities.”
July 12, 2016 (amendment July 12, 2016 | 17:04)
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