"I I do not see the need either to nationalize, nor to fuel strange ideas", such as that of a possible bail-in, "that arouse peremptory positions". The Economy Minister said yesterday, Pier Carlo Padoan, questioned during a video-conference interview at a debate in Milan, on the possibility of nationalizing banks in Italy. The main reference, of course, is to Monte dei Paschi di Siena.
With regard to MPS, Padoan assured that "the ministry uses its position as the first shareholder in a soft way, with vigilant attention. Mps – added the minister – is developing a very valid reorganization plan in my opinion. He is doing it in absolute autonomy. The Mef has its opinion and also on the validity of the management. I remember that the new CEO was voted unanimously. There is no intrusive role".
In particular, the plan that MPS management is preparing "it will end up with a recapitalization of 5 billion euros – recalled the number one of the Treasury -. There will be no alternative plans, but an offer to the market that will be successful".
Also, last night took place a meeting reserved for the Ministry of the Economy on the Italian banking system. Pier Carlo Padoan has called a meeting with the governor of the Bank of Italy, Ignazio Visco, together with the heads of Unicredit, Intesa and Ubi, with representatives of Acri, Abi and the Atlante Fund. The meeting "is a meeting like many others, there is no urgency, it is to take stock", reassured the minister.
The meeting, various sources present at the table confirm, focused on the most urgent issues to be addressed in the banking sector, from good bank ?to the disposal of non-performing loans, also in the light of the fact that the Italian credit system is today exposed to possible systemic risks arriving above all from Germany with Deutsche Bank.
