The Italian government is joining big banks in calling for new state aid for banks as well as suspending EU rules on the bail-in of creditors (Bank Recovery and Resolution Directive, “BRRD”). I would like to inform you about the legal, economic and institutional background of this attack on the credibility of the banking union. Furthermore, I will present an alternative to a renewed bail-out of banks.
Please, feel invited to a press conference call:
This Wednesday, 13th of July at 2:00 p.m.
Please, register informally via email (including what media you work for). In return you will immediately receive the dial-in number for the conference call. Please, write to: