Jump to content

Borghese nationalizes Bank of Rome


Agostinho Neto

Recommended Posts

Coat_of_arms_of_Rome.jpg

Coat of Arms of the City of Rome

ROMA - General Junio Borghese said he will nationalize the Bank of Rome, one of the country's largest, and has asked the bank's owners for a meeting to set a price for the deal. "We're going to nationalize Bank of Rome. I'm calling on to come and start negotiating," Borghese said today in a speech on television and radio.

"They wanted to sell the bank to a foreign banker, and as head of state and head of government I'm saying no. Sell it to the government, to the state. We're going to recuperate Bank of Rome. We're very much in need of a bank of that magnitude," he added.

Borghese said the Roman bank withdrew its offer to sell the bank to a private foreign banker once the government expressed interest. He said he had a "copy of the pre-agreement document" between the Bank of Rome and the banker, whose identity he did not disclose.

Edited by Junio Borghese
Link to comment
Share on other sites

The United Netherlands announces that this move, also directed against Dutch financial interests, will trigger financial consequences for Italy. As of today the De Nederlandsche Bank has instructed banks throughout the Netherlands to freeze all Italian assets. Both private and public worth ₤ 170.380.000. (Italian lira)

Edited by DeRaadspensionaris
Link to comment
Share on other sites

The news of the nationalization did not cause a stir, mainly due to the complete lack of ties or interest in Italian financial affairs. The Basque Minister for Finance, Inaki Aldeondo, made the following statement ''The goings on in that primitive dictatorship will have no effect on Euzkadi, it is quite laughable that the Borghese regime would seek to curtail Italy's meagre level of financial competitiveness through nationalization''

Edited by Cataduanes
Link to comment
Share on other sites

The United Netherlands that did have an interest in Italy's financial affairs advises people with Italian shares to sell them. The Nederlandsche Bank will compensate them for any financial losses.

"This is expected to cause significant damage to the Italian economy and may straighten out Borghese's fascist regime".- according to Secretary of the Treasury Wim Duisenberg.

In related news several Dutch writers including children novelist Thea Beckman and renowned journalist Aster Berkhof have announced to sell their Italian property and it has been announced that similar property is being bought along the Azury Coast in the South of the Republic of Normandy. Even the former Dutch Royal Family which still holds a large piece of property joins in the boycott, selling their property in Tavernelle Val di Peza and Porto Ercole and has announced buying property in the Groenlandian colony of Monaco and along the Azury Coast.

Edited by DeRaadspensionaris
Link to comment
Share on other sites

logo%20banca%20italia.jpg

ROMA - Bank nationalizations are “absolutely necessary” to stop them damaging the financial system further with more losses, said General Junio Borghese.

“We cannot trust the banks in taking risks,” Borghese said in an interview with RAI Television in Rome. “We have a very strange situation in which it’s the worst of capitalism and socialism, a situation in which profits were privatized and losses were socialized. The taxpayers have the worst. We have to eventually nationalize Italian banks and take the problem by the horns,” he added. "The policy has been catch-as- catch-can. I haven’t yet seen people get all the right people in the room, close the damn door, put all the problems on the wall and come up with a solution. So i'll take it from now and nationalize all 5 Italian banks by the end of the week.”

“We should not trust these bankers; look at their track record,” Borghese said. “They know we’re going to bail them out. They hold us as hostages” and “the only way to stop the process is for the government to own those banks, tell them what to do" he added.

Edited by Junio Borghese
Link to comment
Share on other sites

Rakata is concerned with recent events in Rome, and while Rakata has no financial holdings, the Ministry of Commerce is closely monitoring the situation. We question the need for this move and ask why Rome is taking firm steps away from private enterprise and a stable and free market?

Link to comment
Share on other sites

The State of the Republic of the United Netherlands and the Nederlandsche Bank have announced that they will file an official complaint on behalf of the investors and bring the Italian State before a court of Law as her actions have damaged Dutch investors. For now the economical sanctions will remain in effect until a Court decision has been rendered.

The negatief reisadvies (the no-travel advise) against Italy has been lifted for the time being and Dutch tourists can freely visit Italy again.

Edited by DeRaadspensionaris
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...