THE PD IS ABOUT TO DONATE ANOTHER BANK TO GREAT FINANCE, AFTER HAVING FILLED IT WITH CITIZENS ‘MONEY. The MPS-Unicredit case

HEADQUARTERS OF BANCA MONTE DEI PASCHI DI SIENA PALAZZO ROCCA SALIMBENI
MPS

Unfortunately, he is stronger than them: the PD is unable not to give a few billion euros of Italian citizens to big finance. First they were the crazy derivatives bought by the public administration, then the 5 billion plus billions given to Banca Intesa together with the Venetian banks. Now it is the turn of MPS, which has gone from being the “Bank of public interest” of pentastellati dreams to a donkey laden with gold to take to Unicredit's coffers.

Because, as reported by Il Sole 24 Ore, we are preparing to stuff MPS with money before selling it to Unicredit. In addition to the capital increase of 1.5 billion in August, there is now talk of putting another 2-3 billion in the form of a “Cash” capital increase and tax breaks, ie citizens' money. all to make a gift to Unicredit to which this bank will be sold, practically at no cost. Practically the current Minister of Economy, Gualtieri, gives a nice gift to the previous Minister of Economy, Padoan (the one who gave the billions to Intesa) and everything seems beautiful, wonderful, normal.

So the government gives more than the money destined for restaurants to Unicredit and all this appears normal, indeed beautiful, and nobody says anything. Where have the pentastellated censors gone, those who defended public money, who wanted to send incapable bankers to jail, who were against big finance? Gone…

Now two data:

UNICREDIT Has 892 billion assets, MPS 141

UNICREDIT has 2300 branches in Italy MPS 1423

You can understand that the merger of UNICREDIT (Italy) and MPS will lead to yet another cut of employees in the credit sector, yet another occupational massacre with the closure of hundreds of branches and the dismissal of thousands of employees. A story that we have already seen, in the various bank mergers, finnziote directly or indirectly by the state. We pay billions, many billions, to give a banking institution to an international institution, half German and half French, and then we don't find the money for the merchants' refreshments. Things that only a PD government can do.

The article THE PD IS ABOUT TO GIVE ANOTHER BANK TO GREAT FINANCE, AFTER HAVING FILLED IT WITH CITIZENS 'MONEY. The MPS-Unicredit case comes from ScenariEconomici.it .

This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/il-pd-sta-per-regalare-unaltra-banca-alla-grande-finanza-dopo-averla-riempita-di-soldi-dei-cittadini-il-caso-mps-unicredit/ on Sun, 01 Nov 2020 15:59:34 +0000.