Account holders who lost money
as a result of a recent government decree to save four
struggling banks are transferring what is left of their savings
to other credit institutes, the group 'Victims of the
Save-the-Banks' said in a statement Monday.
The alleged victims all had accounts with Banca delle
Marche, Banca Popolare dell'Etruria e del Lazio, Cassa di
Risparmio della Provincia di Chieti or Cassa di Risparmio di
Ferrara, at the centre of the November decree.
"They were forced into buying subordinated bonds unawares,"
the statement said.
Critics have described the operation as a "bail-in in
disguise".
Reports say over 100,000 account holders have been affected
by the measures.
ALL RIGHTS RESERVED © Copyright ANSA
