The recovery of the Italian banking sector will she stop in her tracks, with the arrival to power of the populist government that brought together the League and the Movement 5 stars (M5S) ? The decrease in the stock of the industry, these last few days on the Milan stock Exchange, reflects the concern of the markets.
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Italian debt : claims inconsistent in the League and the Movement 5 stars
It is the most fragile of the major Italian banks, which is nowadays the object of all attentions. Monte dei Paschi di Siena (MPS) who have benefited from a public rescue in 2017, the Italian State now controls more than 68 % of its share capital, with the aim to get out by 2021. The first draft of a contract concluded between the M5S and the League suggests a plan B for this oldest of the financial institutions. “The State is a shareholder must proceed with the redefinition of the mission and objectives of the institute of credit in an optical service “, says the text, without giving further details.
