The dispute over banks in Italy needs to be treated as industrial policy, and not just as an exchange of shareholdings, stated the president of Confindustria, Emanuele Orsini, in an article published in Corriere della Sera. He says that it is not enough to observe who buys whom, what the best exchange ratio will be, or how much synergy each operation promises. “Who will control the savings of Italians tomorrow?” he asks, according to the newspaper Il Sole 24 Ore.
Orsini cites the operations that are reshaping the balance of power surrounding Monte dei Paschi, Banco BPM, Banca Generali, and Generali. He questions whether, at the end of the process, a significant portion of Italian savings could end up under stronger foreign influence than it currently has. According to the executive, this is not financial nationalism. He states that France defends its national champions when strategic sectors are at stake and sees no reason why Italy would act differently in banking, insurance, and household savings.
According to Orsini, the solution that should prevail is the one that offers greater solidity, greater industrial capacity, and the certainty that the decision-making center remains Italian. Confindustria is the main business representation entity in Italy.
Read also 'You can't protect the economy without protecting health', says Italian premier
Read the original article in Italian in the newspaper. Il Sole 24 Ore .
The Supreme Court reaffirmed: citizenship is born with the person.
- New legal front opened
- Processes can still be filed.
- Individual assessment before any decision.
