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Italian Finance Chief Resists Populists' Goal to Seize Carige

  • Bank’s administrators seek cleanup ahead of possible sale
  • Salvini says government goal is state control for Carige
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Banca Carige’s woes come at a delicate time for Italy. Bloomberg Opinion columnist Elisa Martinuzzi reports.Source: Bloomberg
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Italy’s populist leaders clashed with Finance Minister Giovanni Tria over the fate of struggling Banca Carige SpA, with both deputy premiers saying the government should nationalize it.

Tria told Italy’s parliament on Wednesday that a market solution is the best option for Carige, though it’s too early to say that a state intervention won’t be necessary. Any precautionary recapitalization would be for a limited time, he said.