MORELLI: IT TAKEN 20 YEARS FOR THE PD TO CLEAR A BANK BORN IN 1472. A few words about how every expectation has been betrayed by a handful of dishonest ones
Alessandro Morelli intervenes on Banca Monte dei Paschi di Siena, an institution born in 1472 and then grown to become one of the main Italian institutions until 2000. So the devastating mix of incapacity and dishonesty reduced the bank to ashes, through a mix devastating of absurd expansion, with the purchase of Banca Agricola Mantovana, Banca 121 and therefore Antonveneta, and a series of loans guided not by economic logic, but by political one. Once bailed out in billions, this bank had to become the flagship of a public banking system for economic growth. Instead it has turned into yet another betrayal of the Five Star Movement, which had promised a “National” bank, and instead is now selling off, for a figure of around one billion, all to Banco BPM. Gualtieri has already prepared the decree for the sale. No project of the Moviemtno Cinque Stelle has been canceled, all that remains is the PD and its traffic.
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The article MORELLI: IT TAKEN 20 YEARS FOR THE PD TO CLEAR A BANK BORN IN 1472. Two words on how every expectation has been betrayed by a handful of dishonest ones comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/morelli-sono-bastati-20-anni-al-pd-ad-azzerare-una-banca-nata-nel-1472-due-parole-su-come-ogni-aspettativa-sia-stata-tradita-da-un-pugno-di-disonesti/ on Sat, 19 Sep 2020 16:25:15 +0000.