(Finance) – The European Commissioner for Economic Affairs, Paul Gentlemendeclared that among the banks Europeans “there is no doubt that the aggregationsgenerally speaking, are going in the right direction.” In response to a question that referred to the acquisition by Unicredit of a share equal to approximately 21%. CommerzbankGentiloni reasoned in general on the topic of aggregations in the credit sector of the Old Continent.
“It’s clear – underlined Gentiloni on the sidelines of the annual meetings of International Monetary Fund in Washington – that the Commission does not intervene directly in these matters and it is good that in general these matters are entrusted to the choices of the actors involved rather than to the governments or the European institution. Having said that there is no doubt that just look at the panorama banking to see that there is a contradiction between how important the financing of the economy by banks in Europe is and how limited the size of European banks is”.
“In other contexts, for example here in the States United banks are much larger despite the role of banks in the financing of the real economy is less relevant than it is in Europe – underlined the Commissioner –. So there is no doubt that aggregations, generally speaking, are going in the right direction.”