Faced with the turbulence of the stock market and the collapse of bank stocks, the Government is thinking of asking the European Union to apply the extraordinary rules envisaged by the Treaties in the face of exceptional events such as Brexit in order to obtain a temporary derogation from the bans on public aid to banks.
At the same time, he plans to request, as repeatedly requested by the Bank of Italy, the temporary suspension of the bail-in, i.e. the bailout only for shareholders, bondholders, creditors and wealthier savers of the banks in crisis. There is talk of a six-month "corridor" to allow the state to secure the banks
A decision has not yet been made, also because Italy must receive the approval of Brussels, but something is maturing in Palazzo Chigi to face the storm that hit Piazza Affari and the banks after the British decision to give the green light to the Brexit.
In the next few hours, with the return of Prime Minister Matteo Renzi from the summit with French President François Hollande and German Chancellor Angela Merkel, it will be better understood how Italy will move to manage the financial emergency.
