Why the Foundations' decisive role is a tool for growth
3' min read
3' min read
The Addendum to the well-known 2015 Protocol between MEF and Acri is being finalised, with the adhesion of almost all the Foundations of banking origin governed, firstly, by the 1990 Amato Law and, then and even better, by the 1999 Ciampi Law, still in force and positively scrutinised by the Constitutional Court with the important 2003 ruling (24 September 2003, no. 300).
The new Addendum, to which the President of Acri, Giovanni Azzone, has dedicated himself, with the united support of the Foundations and with pragmatic sagacity, can be considered a sort of 'cutting edge' of the 2015 Protocol, which has held up well in recent years (and here we cannot fail to recall the essential contribution of Beppe Guzzetti at the time) and which needs some fine-tuning, both because of the changed financial and social context, and because of the experience lived through in this not short and complex period of time. Various food for thought come from the affair, which is very Italian, but at the same time (for once?) quite positive in various respects.
Here we would like to point out just two.
The effectiveness of the system of soft law, constituted at the Agreement between state authority and active subjects in a sector as crucial as the financial - social - cultural one (the plurality is appropriate and not emphatic). More than authoritative and cogent interventions, but only suffered, shared, coexisting, elastic bodies of law are worthwhile: the state's public requirement remains but is tempered by private instances, inspired by real communities.
Generally speaking, the method has worked: Italian society can now count on a solid system of Foundations, which, it must be said, the result of positive and even negative banking histories in the 20th century, in the centre-north of the country constitutes a strong and deep network in the fabric of the territories.

