(ANSA) - Rome, October 27 - Giuseppe Guzzetti, president of
the Italian Association of Savings Banks and Foundations (ACRI),
on Thursday said that the low number of investors in the
state-organised Atlante fund puts at risk the fund's goal "of
being not only a tool to govern some emergencies but rather an
intervention to create a true market for deteriorated credit".
The fund was set up with the Cariplo Foundation, of which
Guzzetti is president, and Quaestio capital management firm, in
a bid to shore up ailing Italian lenders.
On Wednesday Guzzetti said he regretted investing in Atlante
and that foreign banks should have contributed more.
Guzzetti says Atlante fund 'at risk' (2)
Speaking on goal of creating market for non-performing loans