the First signals of a high voltage on Rome by the case Monte dei Paschi of Siena. Not only is there demand for fresh capital additional arrived from the Ecb. From Germany, a forerunner of the hawks european, come statements that do not augur well for the fate of the report of the bank of siena and, in cascade, of the relationship between theexecutive Gentiloni and Brussels. Convitato di pietra the public debt Italian. The match is to the first bars, which come at the same time while you await the free way needed for the saving of the State of the credit institution in tuscany, for which the executive is looking for in extremis to avoid a bail that would have consequences definitely painful on the Country. And it is precisely on this point that the wishes of the government Customers collide with a punctual refreshed memory of the rules of the game, which arrives from the north.
"Many questions must still be answered", send to say to Rome Jens Weidmann, the number one of Bundesbank and a member of the board of directors of the Eurotower. "In principle, we have set the new rules, which they must protect especially the taxpayers and assign the responsibility to the investors. The money state are provided only as a last resource, therefore, the bar is high," says the central banker German in an interview to the newspaper Bild. In practical terms, this means that the bank must be financially sound core" and "money can’t be used for cover any losses that are already provided". And all this must "still be carefully tried." If "in spite of everything to be used public money to the Monte Paschi, due to the high Italian debt this should be in any case, controfinanziato". A step ambiguous the la tter, which opens space to other questions, for now without the answer, what are the expectations of the european partners than to the needs of the financing of the new debt that Italy is preparing to contract for the rescue Siena.
does Not help to dissolve the doubts of the position expressed by all the'Ansa Isabel Schnabel, member of the Board of economic experts of Germany (the so-called "Five wise men"), according to which "the supervisory authorities should carefully check whether Mps should not be paid gradually". According to the economist, "given the profound problems of the Mps, we can ask if a recapitalisation measure is really appropriate". Otherwise, "taxpayers ‘ money could be wasted. Also, any injection of public money should provide that the government take control and start a deep restructuring of the bank." More in general, "requires an in-depth cleaning of the Italian banking system: the insolvent banks must be closed, the banks vital must be ricapitalizzate".
the More optimistic Ignazio Angeloni, member of the supervisory board of the Ecb, interview with Print does not seem to see errors in the work of Rome. But can’t find an answer that does not interlocutory to the question have so far remained implicit, about the assessments that Brussels could do about the 20 billion of new public debt made on site by the executive. "Difficult that the Commission if you forget when you go on the dossier of the accounts of Italian. On the table there is also the possibility to request the support of the Europe Fund, the Esm. And' a way forward?", asks the interviewer. "It’s one of the possibilities foreseen by the european rules, and has technical implications and different policies with respect to the road choice here from the government", just answer. And then remember that at the bottom of Spain, which has chosen the path of eu subsidies in 2012 has had "good resu lts". And add to that "from our point of view-the higher the level of stability guaranteed by the road choice, the better".
