The concern for the Italian banks re-emerges

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.

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