Banks: Franco, leaving Mps and Bari with sustainable times

Draghi prepares the trip to Kiev and files the Sostegni decree (ANSA)

“The Mef, as a patient investor, must pay the utmost attention so that the plans and strategies and eventually the exit of the state take place in a sustainable way for companies and for the economic system”. The Minister of Economy said this, referring to public holdings in Mps and Popolare di Bari, during a hearing with the parliamentary commission of inquiry on the banking system.
Franco explained that the Mef is negotiating a “reasonable extension” with the European Commission on the timing of the disposal of the quotas with respect to the end of 2021, and that for Mps this will happen “only after the completion of the capital increase and after the start-up. the cost containment and efficiency improvement initiatives defined in the industrial plan “. The timing of decommissioning “will depend on progress on these two profiles”.

Source: Ansa

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