Patuelli: 'If companies go into crisis then families and banks follow'
Abi president: 'Rates? Upward signals from the markets, we will see the central banks'
by L.Ser.
"My first concern is for businesses. If businesses go down, families and banks follow. This mechanism is inseparable. So we need to think about new investments for business development. What was done in the pandemic years was a qualitative leap by the European Union. National responses are not enough, there is not the choral solidity of perspectives, as well as the resources'. On Monday, 13 April, the president of Abi, Antonio Patuelli, spoke in an interview with journalist Cesare Peruzzi at the Florence headquarters of Confindustria Toscana Centro e Costa.
The president of the Italian banking association focused on the risks for the national economy if the tense situation in the Middle East continues.
"Going on for a prolonged period, as I strongly fear, with such devastating wars, the risks grow for companies, grow for households, and consequently grow for banks, which are inextricably linked to riskiness.
The banker agreed that the national credit institutions are sound, but the picture is not homogeneous.
"There are some excellent figures and there are also some that have wobbled a bit over the past year," he noted, pointing to the fact that the most fragile players could suffer in the long term. And, as has been widely experienced in the past, when a crisis in the banking sector occurs, the knock-on effect in terms of confidence is quickly triggered. In the meantime, there is anticipation about the future moves of central banks.
