The stock of Italian State bonds
held by Italian banks is set to start falling sharply from
January, the head of the Italian banking association (ABI),
Antonio Patuelli, told an ANSA Forum Tuesday.
"From January it is very likely that the total of Italian
State bonds" in possession of Italian banks "will fall
significantly", he said.
This is because, he said, the institutes will have to start
giving back European Central Bank loans.
The acquisition of State paper, Patuelli observed, also
represents "liquidity parking for the banks".
He said "I give you early warning, let's not be amazed if in
January there is a strong drop.
"I someone has to return a loan he must prepare beforehand".
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