The Italian political crisis will not make theEurope. To say it is the commissioner for economic affairs Pierre Moscovici, according to which, in any case, despite the government crisis in Italy "there is also continuity", and that the problems of our banks "are the same as last week, they have not worsened".
“It's not a European crisis because the EU wasn't behind this referendum,” explained Moscovici. In our country, according to the Commissioner, there is in any case “a party that has the majority in the two Chambers, and there is a man, Renzi, who still holds power. Now the president will start the consultations to form a new government, and whether this government is established immediately or not, in any case there will be continuity".
“On Italian banks – continued Moscovici – there are ongoing discussions with various institutions, the Commission, the ECB, the problems have not changed since last week, they have not deteriorated or worsened, they are being followed carefully and the measures in place are strong. There is the possibility of dealing with all banking situations, we are not afraid of crises”.
Dieselgate
The European Commission opens an infringement procedure against seven countries for the Dieselgate affair. The car scandal Volkswagen that rigged the emissions data, therefore, also overwhelms the European states, including Germany and Great Britain, unable to block or sanction what was happening.
According to Brussels, Germany, Great Britain, Spain and Luxembourg would not have imposed the same economic penalties that Volkswagen received in the United States, after the outbreak of the scandal. Furthermore, Germany and the United Kingdom would not have communicated to the authorities the technical findings collected on the emission limits. The other three countries involved, the Czech Republic, Lithuania and Greece, ended up in the crosshairs for not having even included in their legislative systems rules that would allow the sanctioning of producers caught in chestnuts.
All the countries involved have two months to respond to the allegations. Should their defenses prove not to be convincing enough, the Luxembourg Court will establish the responsibilities of the national authorities.
