With 389 yeses in the Chamber and 221 in the Senate, Parliament approved the decree which allocates 20 billion euros of debt increases for precautionary interventions on the banks. Deputies and senators went beyond the absolute majority required by law 243 of 2012. Forza Italia voted in favour, this was the political data of the morning. Immediately after the vote, Mps recovered ground after the start of a session on the roller coaster in Piazza Affari where the bank dropped to -15% and then climbed back to around -2%. At 12,20 the title is in volatility auction.
Economy Minister Pier Carlo Padoan, who spoke in the Deputies meeting presenting the provision and the reasons that prompted the government to present it, said that 20 billion is "a figure sufficient to give a signal impact, but not exaggerated, because it would lead one to think that the situation is more serious than it is. And it is not, because the system is solid and healthy with some well-known criticalities of specific cases with precise characteristics”. Responding to the opposition, Padoan noted that the government has chosen the path of a temporary and time-limited intervention so as not to affect the repayment of the debt and not compromise Italy's position in the European sphere. In fact, we are moving along the thin line of state aid that the EU will now have to evaluate but which it could also sanction. Hence the prudence of the economy. Padoan did not respond to the specific requests of MPs because he – he explained – “market operations are underway.
"In defining possible intervention criteria - continued Padoan - the government reaffirms its commitment to the maximum protection of retail savers, taking into account the margins" granted by the European rules on state aid and the banking directive. The impacts on savers, he assured, will be "minimized or made non-existent".
