MPS, Meloni: ‘The government’s role is over’

Rome, 27 February (LaPresse) – ‘The government’s role’ in MPS ‘is over’. This was stated by Prime Minister Giorgia Meloni in an interview with Bloomberg News, confirming that the executive will not be involved in future decisions regarding the bank’s governance and strategy. Meloni described Monte Paschi as one of those ‘complex’ but successfully managed cases, describing the bank’s rescue and recovery plan as ‘very ambitious.’ Today, she said, the institution is ‘a solid reality.’ The state holds about 4.9% of the capital, a stake that ‘does not give us the possibility to exert influence on governance,’ according to Meloni, adding that ‘we will not participate in the appointment of new administrative and control bodies.’ When asked what role he would like to see for Generali, which holds billions in Italian savings, Meloni ruled out “improper constraints” or limits on the management of any company holding Italian savings, but said that the government’s role is to understand the strategy of those who manage these resources. ‘It is important that these resources can be invested to help strengthen the Italian economy, in a virtuous circle that is positive for everyone,’ she concluded.