The tension on the Italian stock market over the last few days has been prompted by the crisis in the property market in the US, which has recently been having a negative effect on European financial institutions. There is absolutely no good reason for such tension, given that the principal Italian banks have a solid capital position and adequate liquidity, as demonstrated by the solvency indicators produced and constantly updated by the market.
To defend the Italian market against attacks launched on speculative grounds, fuelled by the persisting climate of uncertainty in the international financial system, the Finance Minister, acting in agreement with the Governor of the Banca d'Italia, undertakes to adopt the measures necessary to guarantee the stability of the banking system and to protect savers, in accordance with the directions issued by the Premier.