I wonder what excuse, alternative, sophistry Bank of Italy Governor Antonio Fazio will come up with so that he can reject the BBVA takeover of BNL, without upsetting the European Union.
Let us hope that Internal Market Commissioner Charlie McCreevy is watching...
Related links:
Italian regulator OKs BBVA's bid for BNL
Minority shareholders in BNL reject BBVA offer
Italian governance under the microscope
Memo to Internal Market Commissioner Charlie McCreevy