Mps, the EU: “Italy is up to the commitments made”

“Italy must live up to the commitments” made with Brussels in 2017 for the privatization of Banca Monte dei Paschi di Siena. “If Italy believes that there are other ways to fulfill and to exit the property of MPS, it is up to them to make proposals. We keep in touch with the authorities ». Thus, an EU spokesperson to journalists on the MPS case after the failure of the negotiations between Mef and Unicredit. On the other hand, No comment on the Italian government’s request for an extension for the deadline by which the Mef should exit the capital of the Sienese group, set according to indiscretions never denied on 31 December 2021. Meanwhile, the subordinated bonds of Mps, subject to heavy sales, rebound yesterday in the wake of fears of a possible involvement in burden sharing in the event of a state bailout. Securities recovered after reassurances leaked from the government about the commitment to seek a market solution for Siena, which could be entitled to a precautionary recapitalization. The four subordinated securities, with a total value of 1.75 billion euros, show increases of between 6.4% of the 300 million bond maturing in 2030 and 9.3% of the 750 million bond maturing in 2028. In the meantime, the Bureau of the Commission of Inquiry into the Banking System will hear on November 8 in the afternoon the CEO of Unicredit, Daniel Orcel, and Guido Bastianini, CEO of Mps, after the latest developments involving the Sienese institute. . The same commission is convened for tomorrow at 14.