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The ECB rejects MPS, but plan B is ready

The ECB Supervision denies the extension of the deadlines for concluding the capital increase - The Treasury, however, has a decree law ready for the nationalization of the Sienese institute - Shares plummeting on the Stock Exchange

The deadline remains the 31th December. Monte Paschi di Siena would have received a negative response from the ECB, which he had asked to extend to January 20 the deadline for concluding the 5 billion euro capital strengthening. The indiscretion was released by Reuters, which cites financial sources. No official confirmations have arrived yet.

The news agency explains that with this move the Eurotower aims to put pressure on the Italian government to intervene to save the Sienese bank.

In fact, the lack of extension makes the market solution almost impossible, by pushing the state towards nationalization of Mps. On Monday at the latest, a law decree developed by the Treasury. The paths that can be taken are different.

This morning at the Ministry of the Economy a meeting was staged between the minister, Pier Carlo Padoan, the CEO of Monte dei Paschi, Marco Morelli, and the president, Alessandro Falciai.

Meanwhile, after the news of the no to the extension, the Mps share on the Stock Exchange comes to lose 4,22%, to 20,88 euros.

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