Rome officials privately criticize Berlin stance on UniCredit; German chancellor slammed Italian bank’s move on Commerzbank
talian government officials are growing frustrated at Germany’s opposition to a potential takeover of Commerzbank AG by Milan-based UniCredit Spa, threatening to disrupt the delicate diplomatic relations between Berlin and Rome.
Officials in Prime Minister Giorgia Meloni’s administration have privately criticized the fact that Berlin advocates for more European integration, and then comes out against a possible takeover of Frankfurt-based Commerzbank, according to people with knowledge of the situation.
Some in Rome have also expressed frustration at UniCredit Chief Executive Officer Andrea Orcel for being overly aggressive in his bid for the German bank, said the people, who spoke on the condition of anonymity. They are worried that it could affect relations between the two countries....
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