GENOA, Italy (Reuters) – The head of Italy’s Liguria region said on Wednesday he opposed a potential nationalisation of Banca Carige <CRGI.MI> though he welcome the government’s decision to shore up the ailing local bank.
“Despite the umbrella provided by the government I still believe the economy and the state must remain separate,” Giovanni Toti told a press conference to present the renewal of the contract with Carige as the region’s treasurer.
“I disagree with the nationalisation of banks or other businesses … I hope capital and partners can be found autonomously for the bank to go on.”
Carige is based in Liguria’s biggest city Genoa.
(Reporting by Valentina Za, editing by Stephen Jewkes)