Proposal to overcome objections on golden powers -Giorgetti
UniCredit Bank
The government will make a proposal to overcome the European Commission's objections to Italy's use of golden powers over banking mergers, most notably in halting UniCredit's takeover of Banco BPM, Economy Minister Giancarlo Giorgetti said after the EC opened infringement proceedings on the golden powers used to halt the operation on Friday. "The commission raises objections to the so-called Golden Power law, reformed in 2022 under the Draghi government," he said. "Based on the
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