The new chancellor is not exactly charming Italy's Prime Minister Giorgia Meloni!
What the heck is he getting involved here!
Sending a letter to the staff of the bank????
Caveat: I did not read the letter by Merz.
"German Chancellor Friedrich Merz has told staff at Commerzbank, opens new tab he opposes Italian lender UniCredit's, opens new tab efforts to build up a stake in the bank, in a letter which Germany's finance minister said was "an important signal" about the government's stance.
Merz addressed labour representatives at Commerzbank in a letter dated May 26, and posted on LinkedIn on Tuesday, saying the Italian lender's approach for Germany's second-biggest bank was unacceptable. ..."
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