Italy raised his anger with the European Central Bank – Second Approach

Italy.- Extends the opposition between Rome and the European Central Bank (ECB) in reference to the figure will require Monte dei Paschi di Siena (MPS) to solve the crisis. The past Monday, the ECB agreed to bail out the oldest bank in the world, but said that the deficit in money of the entity sienese had been rising in the last month to stand at more than eight billion euros, compared to the five billion initial forecast by the bench after his failed increase in capital.

According to the web portal to The World, recently the holder of the portfolio of Economy and Finance Italian, Pier Carlo Padoan, said that it would be useful to know the "reasoning" employed by the organ of attention of the ECB to appreciate the increase of capital required in the MPS. "Apart from the trade with the five lines and three digits, would have been of great assistance some explanation", said the minister through an interview with the daily Il Sole 24 Ore. "The failure of information results in darkness and things opaque almost always lead to erroneous comments", he added.

In a letter sent to the ministry of Economy and Finance of the Italian nation at the beginning of this week, the European Central Bank, which is represented by the Italian Mario Draghi, stated that Monte dei Paschi di Siena had experienced a rapid detriment in terms of liquidity during the last month, from twelve thousand one hundred million seven thousand seven hundred million. In this way, the peak body european financial indicated to the Government of Rome that the banking tuscany should take a claim greater than what is known.

The Italian government argued that the precept saves-savings, admitted in extremis during the last week, and that examines a game of twenty billion euros to fortify the banks that show financial hardships, "it is sufficient" to meet the bailout of the lender toscano, the third in strength of business in Italy. But since Frankfurt is urged that the entity shall develop a new restructuring proceeding, which shall have the approval of the European Central Bank and the European Commission.

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