Business, Politica, Top Stiri, TTWO

Vestager’s Italian banking fight plays into Euroskeptics’ hands

If there’s one person in Brussels who is lending the populist Euroskeptics a helping hand while hurting her own political ambitions, it’s Margrethe Vestager.

The EU’s competition chief, who joined the European Commission presidency race last month as part of a team of Liberal candidates, opened a rift with the Italian government and banking officials by blocking a bank rescue in 2015. Last month, an EU court overturned that decision, reviving the controversy and setting up a new fight over compensating investors.

The affair began with a 2014 rescue for Tercas, a local bank in the southern region of Abruzzo, …

Source: politico.eu

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