Italy's Bank Merger Veto: EU vs National Interest
Update: 2025-11-12
Description
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.
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