Tria Says Italian Government Would Intervene in a Banking Crisis
- Finance minister says intervention in a crisis normal: Ansa
- Tria calls Italian banks ‘solid’ and stress-test ready
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The Italian government would step in to help in the event of a crisis in the banking sector, Finance Minister Giovanni Tria said Saturday, echoing comments made by one of the country’s two coalition leaders earlier in the week.
In the event of a crisis, the government “must in one way or another intervene; saying how isn’t possible, if a minister did so it could upset the market,” Tria was cited as saying by Ansa news agency. “There’s nothing strange” about a government stepping in in such a case,” he said. “Any government would have to do it.”