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Debts Pa, Messina: CDP idea can be effective, a political solution needs to be put together

The CEO of Intesa Sanpaolo, Carlo Messina, declared that an involvement of the banks and the Cassa depositi prestiti (Cdp) to unblock payments from the public administration can be effective – However, a political solution needs to be evaluated.

Debts Pa, Messina: CDP idea can be effective, a political solution needs to be put together

During the presentation of the report of the bank's research office on industrial districts, the CEO of Intesa Sanpaolo, Carlo Messina, declared that an involvement of banks and Cassa depositi prestiti (Cdp) to unblock payments from the public administration can be effective . Pwas a judgment made orhowever, it is necessary to evaluate how to structure a solution of this type.

“We need to assemble a political solution – said Messina – It is still a generic idea, I await the details to judge. In itself, if structured with concrete actions, it can be effective”. The banker then specified that from the point of view of the banks, the timing for being a partner in this project "is very rapid".

The new premier Matteo Renzi announced yesterday in Ballarò that within two weeks the government will present two amendments capable of unblocking the payment of approximately 60 billion of commercial debts owed by the PA to supplier companies through a different use of the Cassa depositi e prestiti (Cdp) , recalling in this regard what happened in Spain.

Meanwhile, the president of the CDP, Franco Bassanini, interviewed on the sidelines of a conference of the Chambers of Commerce, declared in this regard that "Cassa depositi prestiti has only a subsidiary and last resort role: once guaranteed by the State, the credits of companies to the Public Administration would be purchased mainly by banks". 

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