Brussels will not pass over the heads of the Venetian banks. This was stated in an extensive interview with Sole 24 Ore by the former prime minister and secretary of the Democratic Party, Matteo Renzi, who currently considers the question of the Veneto banks as the number one national priority.
"Any form of eventual resolution of these banks (Ed, bail-in with bail-out by shareholders and bondholders) will be rejected with all strength" Renzi insists, according to which, "if Italy accepted the methods and parameters with which the The EU is negotiating the Veneto banks, then many German and French banks would also go into crisis”.
“If there is someone – adds Renzi -. who has a precise plan to create difficulties only in Vicenza and Veneto Banca, and only in Italy, know that this plan will be blocked”.
Renzi therefore calls on the Government and the Bank of Italy, but also the territorial institutions of the Veneto, "to make themselves heard at all levels" because "Italy cannot accept this absurd and unilateral method of always and only hurting our institutions of credit" and cannot endorse "criteria that are used for banks in the Veneto region and not for German ones".
In the interview, the secretary of the Democratic Party shows coldness towards the Governor of the Bank of Italy saying that "as long as the Governor is Ignazio Visco we will collaborate with him" but "if and when he changes, we will collaborate with his successor: I remind everyone that the appointment it depends on the secretary of the Democratic Party but on the Government”.
