Italian bankers blast EU, say rules hamper growth-update

Patuelli says Europe is bike with 'unbalanced pedals'

(ANSA) - Rome, July 8 - Antonio Patuelli, the head of Italian banking association ABI, on Wednesday blasted the European Union, saying the rules it imposed on lenders hampered economic growth. "We don't like this Europe, it's not what we want," Patuelli said in his annual report to the ABI assembly.
    "It's a bicycle with unbalanced pedals, with one part pushing for development and the other creating too many rules that are increasingly strict for banks' capital... This complicates the recovery".
   

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