The Council of Ministers is preparing to give the CCBs an extra six months to join the three parent companies envisaged by the 2016 cooperative credit reform. It is therefore not the moratorium requested by the Lega and the South Tyrolean Raiffeisen group and opposed by Iccrea and Cassa Centrale Bank but also by the smaller CCBs that risk being placed in receivership and it is not even the dismantling of the reform desired by the Renzi government. More simply, a lengthening of the times to allow the CCBs to make their own choices and organize themselves in view of the new regime.
Barring last-minute surprises, this is what is expected on the eve of today's Council of Ministers which should resolve the dispute over the CCBs by inserting an ad hoc rule in the so-called milleproroghe decree which will give more time to the 300 Italian cooperative credit banks to choose whether to join Iccrea, Cassa Centrale Banca or the Raiffeisen group.
