UniCredit, Intesa Executives See No Risk If Italy Right Wins
- Chairmen of Italy’s top banks expect a market friendly premier
- Right-wing win could bring market tensions back, analysts said
This article is for subscribers only.
The chairmen of Italy’s two biggest banks played down risks that a landslide victory by a right-wing coalition will spark market turmoil.
“It seems to me that a sense of responsibility from political parties of both sides is spreading, and therefore whoever wins will take into account the fragility of public finances in addressing Italy’s resources,” Pier Carlo Padoan, chairman of UniCredit SpA, said in an interview late Friday at the Ambrosetti Forum in Cernobbio, Italy.