Italy's Bank Merger Veto: EU vs National Interest

On November twelfth, European finance ministers will deliberate on Italys use of special powers to halt a major bank merger. Italys golden power allows it to veto deals involving strategic assets, a move that has sparked controversy across the Eurozone. UniCredits acquisition of a competitor was blocked, leading to an appeal and a potential breach of EU regulations. The situation underscores the tension between national sovereignty and EU oversight in the banking sector.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.