UniCredit’s Maneuvers Raise Temperature Between Rome and Berlin
- Rome officials privately criticize Berlin stance on UniCredit
- German chancellor slammed Italian bank’s move on Commerzbank
The dispute between the two countries comes after Mario Draghi called for greater integration of the European Union’s capital markets.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Italian government officials are growing frustrated at Germany’s opposition to a potential takeover of Commerzbank AG by Milan-based UniCredit Spa, threatening to disrupt the delicate diplomatic relations between Berlin and Rome.
Officials in Prime Minister Giorgia Meloni’s administration have privately criticized the fact that Berlin advocates for more European integration, and then comes out against a possible takeover of Frankfurt-based Commerzbank, according to people with knowledge of the situation.