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Tabacci on Opa Telecom: "It's a mistake to change the rules to defend Italianness"

THE OPINION OF BRUNO TABACCI, president of the bicameral commission for simplification – “The stratagems in defense of the Italian character are bad for the country and risk appearing instrumental. In any case, the Government cannot change the rules on the takeover bid by hearing only two Senate committees: the Chamber also has the right to have its say"

Tabacci on Opa Telecom: "It's a mistake to change the rules to defend Italianness"

Ever since the time of the foreign takeover bids on some Italian banks, I have always expressed many reservations about the stratagems that have characterized the uncoordinated and irrational actions carried out in defense of Italian identity. 

Despite the esteem and friendship that bind me to Senator Mucchetti, I also think that the new changes to the legislation on takeover bids proposed by the Senate Industry Commission chaired by him to prevent the Spaniards of Telefonica from controlling Telecom run the risk of appearing instrumental and not do good for our country. 

Just a few years ago Spain did not hinder Enel's operation on Endesa. And since ours is a bicameral parliamentary system, I don't think the government can intervene by decree-law relying exclusively on the assessments expressed by two Senate commissions.

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