rome (reuters) – the italian treasury don’t believe a solution for saving the lives of two banking institutions in difficulty in the veneto region, said a source from the treasury on sunday, confirming the information of the newspaper la stampa.
the european commission will inform to italy in the next few days, she can use a direct public support to shore up bank, banca popolare di vicenza (veneto), paving the way for a share of their assets and the establishment of a bad bank, the newspaper reported on sunday.
the italian government’s plan to use more than five billion of public funds for recapitalization of banks prevention is not viable, there, citing sources of the italian treasury and european institutions.
instead, the agencies and institutions of two healthy assets will be housed in a new body, while the non performing loans will be consolidated in a winding up institution (“bad bank”).
a spokesperson for the commission said he could not confirm the information. the commission and the italian authorities work closely together to ensure a viable alternative, “he said.
rome sought for months to negotiate an agreement on the recapitalisation of centre bank, banca popolare di vicenza in order to ensure their survival.
brussels claim that private investors to inject eur 1,25 billion in the bank before we can consider a public one.
according to la stampa, rome has not found a banking partner capable of providing the funds requested by the commission.
(the iron and stephen jewkes, paola arosio milan, veronica poker, for service in french)
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Translated by forexguides.info Team