The government: “On the Mps, the Ecb is to clarify” the Wrath of Palazzo Chigi: “lack of transparency” – Corriere della Sera

ROME, The government is still waiting to understand what criteria have been used by the supervision of the Ecb, to secure to 8.8 billion in the capital of the Monte dei Paschi di Siena with the recapitalization as a precautionary Status. From Frankfurt, so far, has reached only the formal communication of the bill to be paid. And the lack of explanations, both official and unofficial, to get upset the Palazzo Chigi and the ministry of the Economy, already surprised by the amount of recapitalisation required for the bank with public funds, which is almost double compared to the amount, 5 billion, of the capital increase on the market, then failed.

The new parameters that are used by the Ecb the government has an idea of the maximum, and in an indirect way. But would appreciate that Frankfurt was in the open, giving the appropriate information to the market, therefore investors and to the banks themselves, who may have recourse to the recapitalization. Without clarity on the rules the decisions remain within the scope of a discretion that is deemed inappropriate. And it is, it is noted in the rooms of the executive, decisions are irrevocable and cannot be modified, if only marginally: for the Mps will need 8.8 billion, a 6.5 of which by the State.

Even the parliamentary Pd are asking for the Ecb to explain its decision and announced a question to the ministers of Economy and Foreign affairs. All of it accompanied by strong criticism of the declarations of the president of the Bundesbank, Jens Weidmann, who had invited the Ecb and the Eu Commission to carefully assess the recapitalization of the public. Declarations doubled yesterday by a spokesman of the ministry of Finance in Berlin. Brussels and Frankfurt, he said, must “verify and ensure that the Italian authorities abide by the rules,” which “must not be evaded”.

The minister of Justice, Andrea Orlando, for its part, has not ruled out the hypothesis of a commission of inquiry on Monte Paschi, stressing that the decision rests with the Parliament. The Chamber, meanwhile, arrived the text of the decree with the bottom 20 billion for increases in the banks. Money that will eventually weigh on the debt, but also on the deficit because of the interest on the securities that may be issued: € 430 million a year scheme, also covered with cuts to the ministries of Health and of the Environment, while the least (4 million a year). For a case that is complicated, another seems to take a positive turn. The banks ended up in the resolution are now close on the sale of the sufferings to Atlas: Etruria, Brands and CariChieti might switch soon to the Bank Ubi, CariFerrara to Bper.

December 28, 2016 (change on December 28, 2016 | 22:39)

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