@leon94m You wouldn't give a person all your savings knowing he is totally broke . Italian Government Bonds are only still worth something because the germans guarantee for them thru the Euro.
The only country in recession and on the brink of political and economic collapse in Europe right now is Germany, not Italy. Furthermore UniCredit is a pretty solid institution and the acquisition is welcomed by Commerzbank shareholders and By the EU, in accordance with the new banking aggregation policies suggested by the European Commission and the Draghi report. The only ones against it are the bank’s management and the German Government, which as already mentioned, has recently imploded.
@Mast3rHand989 Italy received alone in 2024 over 100 billion from the E.U Covid Rescue Fund. Mainly financed by Germany. Italy as a country, can not afford to take on any more loans because it can't afford the interest rates any longer . Italian bonds have to be secured by the ECB / Germany. The Italians literally use German taxpayers money to attack german financial institutions. The only people in the Union cheering for this are people that believe the german economy needs to be destroyed for their own good .
@Mast3rHand989 And yes the Draghi Report . What was his idea again ? Germany needs to provide the E.U with 800 billion Euro a year . Of course non of that money would be invested in the biggest European economy . No german government would ever support that.
@@axelscharf2415 Here we are not talking about the faults of the Italian government, we are talking about an Italian company with a recent history of 15 quarters of growth, that without the need of receiving a single penny by the government, is trying to acquire a competitor close to bankruptcy, in accordance with the law, the interests of both companies' shareholders and the need for a more stable and solid european banking system materialized itself in the recent trend of the banking sector towards aggregations. I am very sorry if the German banking sector is in crisis, but if they prove not to be able to be as profitable as the others (and they have been in crisis since 2008), I do not think that this is the fault of the few successful Italian banks. good evening.
The germans shouldn't allow a bankrott country like Italy that lives of E.U Funds to gain excess over the savings of millions of germans.
@leon94m You wouldn't give a person all your savings knowing he is totally broke . Italian Government Bonds are only still worth something because the germans guarantee for them thru the Euro.
The only country in recession and on the brink of political and economic collapse in Europe right now is Germany, not Italy.
Furthermore UniCredit is a pretty solid institution and the acquisition is welcomed by Commerzbank shareholders and By the EU, in accordance with the new banking aggregation policies suggested by the European Commission and the Draghi report. The only ones against it are the bank’s management and the German Government, which as already mentioned, has recently imploded.
@Mast3rHand989 Italy received alone in 2024 over 100 billion from the E.U Covid Rescue Fund. Mainly financed by Germany. Italy as a country, can not afford to take on any more loans because it can't afford the interest rates any longer . Italian bonds have to be secured by the ECB / Germany. The Italians literally use German taxpayers money to attack german financial institutions. The only people in the Union cheering for this are people that believe the german economy needs to be destroyed for their own good .
@Mast3rHand989 And yes the Draghi Report . What was his idea again ? Germany needs to provide the E.U with 800 billion Euro a year . Of course non of that money would be invested in the biggest European economy . No german government would ever support that.
@@axelscharf2415 Here we are not talking about the faults of the Italian government, we are talking about an Italian company with a recent history of 15 quarters of growth, that without the need of receiving a single penny by the government, is trying to acquire a competitor close to bankruptcy, in accordance with the law, the interests of both companies' shareholders and the need for a more stable and solid european banking system materialized itself in the recent trend of the banking sector towards aggregations.
I am very sorry if the German banking sector is in crisis, but if they prove not to be able to be as profitable as the others (and they have been in crisis since 2008), I do not think that this is the fault of the few successful Italian banks.
good evening.