Italy and France’s Silent Pact for EU’s Financial Stability

Photo by Daniel Rubin on Unsplash

Delfin, Edizione, Unicredit, Amundi, Anima, and the pension funds seem inclined to abstain.

However, this will only be definitively confirmed on August 21, the date of Mediobanca’s shareholders’ meeting convened to decide on the public exchange offer aimed at acquiring Banca Generali.

This appears to be a way of not weakening the European bloc, which today seems more united and prudent.

A sign that Italy does not wish to disrupt the balance, a tacit endorsement of Crédit Agricole’s strategy, which has strengthened its stake in Banco BPM and stated its intention to maintain an influential position without triggering a takeover.

However, while subtle, the strategy to reinforce Italy’s financial core is deliberate—and its full impact may surface in time.

(Redazione)

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