Economy Minister Pier Carlo
Padoan told the parliamentary commission of inquiry into the
banking crisis on Monday that he had "continual talks" with then
premier Matteo Renzi about the four small troubled lenders that
went insolvent in 2015 and were reformed as good banks.
He added that, on a few rare occasions, the issue was
addressed at bigger groups of government members when asked
about whether any colleagues have intervened regarding one of
the banks, Banca Etruria.
Cabinet Secretary Maria Elena Boschi had denied reports that
she intervened over Banca Etruria, which her father Pier Luigi
was vice president of, when she was relations with parliament
minister.
Padoan said small bondholders who lost money after the
failure of the banks will get compensation amounting to 190
million euros, over half of the value of the bonds of 340
million euros.
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