The lack of intervention by the Interbank Deposit Guarantee Fund in rescuing banks in crisis, due to a decision by the Brussels Commission which has now been delegitimized by the sentence of the EU Court, called to rule on the Tercas-Popolare di Bari affair, it involved an outlay of 12 billion for the Italian banking system. This is the estimate provided by the director general of ABI, Giovanni Sabatini, on the sidelines of the Confcommercio Forum in Cernobbio. Sabatini returned to the sentence of the EU Court, which rejected the action of the European Commission led by Margrethe Vestager on the Tercas affair. “The decision adopted by Brussels has prevented the use of FITD funds to carry out those preventive interventions which in the past have made it possible to minimize crisis burdens – he summarizes – this has meant that in the absence of that path, more traumatic measures have been adopted. The problem arises from the interpretation that the European Commission ruling proved to be incorrect, which saw State aid in the Fund's interventions”.
According to Sabatini, therefore, "the greater charges deriving from the impossibility of using the Fund led to an outlay by the other banks of approximately 12 billion that would have been used more productively to lend and recapitalize the banks. There has certainly been a negative impact for the whole sector deriving from this interpretation of the European regulatory framework”. The sentence opens the door to the possibility of asking for compensation: “I believe that the damage that the banking sector has suffered, also in terms of its reputation, of excessive write-downs of non-performing loans, must be restored. Now the possibility has been given back to the Italian and European deposit guarantee schemes to make early interventions for the preventive management of bank crises, so there is one more tool. Once the sentence has become final, all the viable paths will be verified ".
The hypothesis of compensation was also supported by the parliamentarian Bruno Tabacci, leader of +Europa Centro Democratico, in an interview with FIRSTonline, in which the politician, an expert on banking matters, argued that "conceding Italy's reason, the EU Court has rewritten the banking events of recent years and now it will be necessary to evaluate the space for any recourse and compensation actions against the EU to protect savers". On FIRSTonline the full text of the interview.
