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Giorgetti, 'the Italian banking system is solid'


"The government monitors, controls but I must say that the Italian banking system appears solid, the problems lie elsewhere". (HANDLE)

(ANSA) - MILAN, MARCH 25 - "The government monitors, controls and I have to say that the Italian banking system appears solid, the problems lie elsewhere".

Economy Minister Giancarlo Giorgetti said on the sidelines of the swearing-in ceremony of the students of the Gdf, when asked about the crisis affecting banks in Europe and the USA.

"Naturally we do not overlook the fact that in a global market such as the financial one, infection can spread, so what the government does with the supervisory authorities is to stay in continuous contact and give what is right to give as a government, that is, a sign of trust and security to savers ", he concluded.

    "The government is always ready for measures, we are part of a system like the European one which has rules and a system of controls but I repeat that up to now we have no signs of concern as far as the banking system is concerned", however the minister pointed out to those who asked whether the government was ready to intervene in the event of contagion of the Italian banking system by the crisis in Europe and the USA.

Giorgetti admitted that "the infection can spread" on the markets, but "the problems they had, for example in Switzerland with Credit Suisse, concern cases that are not typical of Italian banks".

"For this reason, we have no signs of concern at the moment," he concluded.


Source: ansa

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