What is happening in Italy is part of the process of banking consolidation that has been under way in Europe for several years. Most of the mergers have originated within individual countries; in some cases they have subsequently evolved into cross-border operations.
The Government plans to use most of the room for manoeuvre provided by the improvement in the current legislation scenario to undertake new expansionary measures, as set out in the Draft Budgetary Plan approved two days ago, with partially permanent effects on the public deficit.