UniCredit, Germany scrambles to prevent Orcel's takeover of Commerzbank.

Every day the German they make up a story to prevent that Unicredit stopovers Commerzbank according to market rules. The latest idea, recorded in an interview on "The print" yesterday, is of Jorg Rocholl, Chairman of the Advisory Board of the German Federal Ministry of Finance and President of the European School of Management and Technology in Berlin. The new German invention is that "without the Banking Union, across-border bank acquisition it cannot be done" because it must be taken into consideration systemic risk And, in the event of a bankruptcy, it's unclear who would be responsible, Italy or Germany. To hide Germany's nationalistic and protectionist tendencies, we've reached the point of absurdity. It's right to evaluate all the risks a banking takeover can entail, but perhaps Professor Rocholl believes we're living on the moon. Unicredit and Commerz aren't just any banks, but very solid ones. Above all, they don't exist in a no-man's land, but in a system regulated and governed by the ECB where the Brussels Supervisory Authority is, to say the least, very watchful. Professor Rocholl, if you want to defend the short-sighted line of the German government, find another excuse but don't make fun of us.