ROME (MNI) – The successful results for the five Italian bank
groups examined under the EU stress tests “demonstrate the solidity and
stability” of their capital base even in the worst-case scenarios, the
Italian Finance Ministry said Friday.
“The Italian government notes with satisfaction the enhanced level
of transparency attained with the publication of the results of the
exercise,” according to a statement from the ministry.
While there is no need for the banks tested to resort to any public
support, in accordance with EU guidelines the government will reactivate
the 2008 Treasury facility, called “Tremonti bonds” after Finance
Minister Giulio Tremonti, the ministry said.
The banks Monte dei Paschi di Siena and Banco Popolare had made use
of this facility in the past.
[TOPICS: M$X$$$,M$$CR$,M$I$$$,M$$EC$]
