Banks, Casasco: avoid damage to the country’s economic system

“The economy of a country requires that the issue of banks must be addressed with seriousness and responsibility, creating a harmonious system between the credit system, businesses and families and not generating an antagonistic system that would penalize the growth of the country”. This is what was said by Maurizio Casascomember of parliament and head of the FI Economics department.

“The credit system has its own rules that it must respect, both national and international, and is supervised by the competent bodies, such as Bank of Italy and ECB. For this reason, it is important, in addition to protecting our banks and encouraging their capitalization, to make them attractive without penalizing them compared to international banks, so that they continue to support families and productive activities”, he adds.

“It is also worth remembering, in this regard, that many of them are listed on the stock exchange and any declaration relating to taxes on extra profits can determine – he warns further Casasco – a serious impact on the Piazza Affari index, as happened today on the Italian credit system, the only one ‘in the red’ in Europe”.

“The penalization of listed banks can have a cascading effect on the small Popular and Cooperative Credit banks, which support our SMEs, micro-enterprises and families, the backbone of the Italian economic system. Finally, let’s not forget that in October-November there will be the judgments of the Rating agencieswhich will carefully evaluate the interaction between the credit system and the economic system and which – the FI representative points out – will impact on Italy’s economic growth”.