Monday, March 21, 2005

Memo to Internal Market Commissioner Charlie McCreevy

When an acquisition of the sixth largest bank in Italy by a European, non-Italian bank receives this much press, you are right: there is no freedom for foreign banks to buy in that country!

Related links:
BBVA Executives Met Bank of Italy's Fazio Regarding BNL's Future
McCreevy intervenes in Italy’s position on bank takeovers