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Golden Power, no more backyard protectionism against a market operation like the Unicredit takeover bid against Banco Bpm

The use of the Golden Power is the fig leaf with which the Government and especially the League want to hinder the takeover bid by Unicredit on Banco Bpm because it is not clear what the national security problems are. But in this way the image that Italy gives to Europe and the financial markets is ruined

Golden Power, no more backyard protectionism against a market operation like the Unicredit takeover bid against Banco Bpm

What would be the national security problems raised by the takeover bid launched by a very Italian bank like Unicredit su Bpm bank? If even the CEO of Intesa Sanpaolo, the leading Italian bank and by definition a rival of Unicredit, says it does not see any reason and considers the operation started by Andrea Orcell, you can't see where the Government wants to get to the bottom of it by getting involved in a story that only the ECB and it is up to the shareholders to evaluate. Or rather, it is clear to the naked eye that the interference of the Government, or more precisely of the Alloy and the Minister of Economy Giancarlo Giorgetti, have an entirely political matrix and aim to tease the sensibilities of territories in Lombardy that are generally close to the League. For this reason they are prejudicially hostile to the Unicredit takeover bid. Perhaps Giorgetti and the League have not fully assessed the negative impact that their interference has on the image of Italy and the disorientating effect that their maneuvers have on the defense of Unicredit's rights in the face of German vetoes on the takeover of Commerzbank. We had the opportunity to demonstrate that Italy is more liberal and more pro-European in economics than Germany and we are wasting it. Also for this reason it is time that the backyard banking protectionism of the League and the Government ends before it causes trouble.

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