The leader of Italy's
Northern League Matteo Salvini said on Thursday that Premier
Matteo Renzi should ask the European Union to cover the millions
of euros of losses sustained by Italian investors following the
rescue of four troubled banks.
The rescue of Banca Etruria, Banca Marche, CariFe and
CariChieti saw over 300 million euros' worth of bonds go up in
smoke, including 100,000 euros owned by a pensioner from
Civitavecchia who committed suicide.
"We are talking about less than a billion euros. If Renzi
has the balls, he should go and ask Europe for that," Salvini
told a rally in Arezzo in support of the investors who lost
their money.
He also called for a minute of silence to remember the
pensioner who killed himself.
Renzi said earlier that the government would help
shareholders and bondholders left with nothing and stressed that
the suicide of the one penniless ex-bondholder should not be
"exploited".
"It's impossible by EU rules to definitively save the
shareholders and bondholders but we are trying with great
commitment and tenacity to find a solution," Renzi said.
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