1 August 2007

Geronzi: a step back

photo corriere.it
What can’t have escaped anyone’s notice is the different political and media weight given to two facts.
The first is the intercepts of 6 parliamentarians for which the authorisation to use them in judicial proceedings was asked by Clementina Forleo, that has been on the front pages of the newspapers and the TV News services for some weeks.
The second, the order to Cesare Geronzi to stand trial for the Parmalat crack, has been ignored by national media, by the parties, but however it has been reported in the international financial press.
It is worth remembering that Cesare Geronzi has also been convicted at the first level and sentenced to a year and 8 months for preferential bankruptcy with Italcase. Cesare Geronzi is currently the President of Capitalia and President of the Supervisory Council of Mediobanca. A position of great power and responsibility. A role on which depends the equilibrium of Italian finance. I don’t believe that politics can pretend nothing has happened and look the other way. I can’t believe that the media can minimize, as is happening now for motives that I don’t know, but that are probably hiding connections between the banker, certain parties and certain publishers.
We take it out on politicians whose possible guilt is still to be proved, for whom it is however correct to ask for authorisation to use the intercepts, and we are ignoring another fact that is a lot more serious.
Cesare Geronzi must take a step back while waiting for the final verdict. He must do this for the international reputation of Italian finance, and out of respect for public opinion.

Posted by Antonio Di Pietro in Economy