Economy Minister Giancarlo Giorgetti
on Saturday reassured savers that the government is monitoring
the situation on the markets amid ongoing contagion fears
following the recent collapse of US banks and concerns over
Credit Suisse but insisted that the Italian banking system
"appears solid".
"The problems lie elsewhere," said the minister on the sidelines
of the swearing-in of Finance Police officer cadets in Bergamo.
"Of course, we do not overlook the fact that in a global market
like the financial one, contagion can spread," he continued.
Consequently, Giorgetti said the government was in "constant
contact" with the supervisory authorities" and giving "what is
right to give as a government", namely "a sign of confidence and
security to savers".
"The government is always ready to take measures," continued the
minister, adding however that the problems seen "for example in
Switzerland with Credit Suisse concern cases that are not
typical of Italian banks".
"For this reason right now there are no signs of concern," he
concluded.
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