The chairman of the Supervisory Board of Intesa Sanpaolo, John Bazoli, which condemns the EBA's proposal for further recapitalization of banks. This would result in “the risk of a return to a public banking system that would take us back 30 years".
Rather, explains Bazoli, it is up to the "Government and Parliament" to start immediately "real reforms" to bring investors closer together and untie the knot of what is a crisis of confidence. Furthermore, for Italian banks, "interventions by foreign groups in the medium and short term" could not be excluded.
