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FABI, one of the most important trade unions in the banking sector in Italy, celebrated in Rome his XX National Congress.

The Congress was opened with a speech given by Marcio Monzane Head of UNI Finance
for UNI Global Union, the largest global trade union for the services industry.

As Secretary General, was confirmed Lando Maria Sileoni and as Deputy Secretary General, Mauro Bossola:
FABI proposed a new banking model for the Financial Sector in Italy.

"Banks in Italy need a real change.
Top managers' wages clash violently against common sense, against the economic difficulties of poor people, and against job cuts in recent years."

Lando Maria Sileoni , opened the work session of the XX National Congress, criticizing the current banking system, that  "customize earnings through high salaries of managers but
socialize  losses, through government measures that force citizens to pay for  top management's mistakes".
Since 2000 to 2020,  the jobs lost in the sector will  be 68.000 ",  stated Sileoni.

A STUDY by FABI about THE EUROPEAN BANKING SYSTEM

During the XX FABI Congress,  the International Relations Office and the Centre for Social Studies "Pietro Desiderato",
presented a survey on the banking sector in Europe, with an elaboration of data from the ECB,
which analyzes the business model of many European Banking systems, stressing, the problem of bad loans  accumulated during the crucial years of the crisis (2010-2013) in
Italy , Greece, Spain , Portugal, UK, Germany , France, Belgium , Austria, Holland , Denmark and Sweden.

The    worst    situation is presented by the Italian banks, and the Greek credit institutions ,
where non-performing loans reached a 21.86 % share, in the first half of 2013.
Among the most "virtuous", German banks (1.86%), and the UK (1.86%).

SILEONI: "A NEW MODEL OF BANK"

"Given that top managers until now, have not taken their responsibilities,  we take it ourselves: we want to share a new banking model"
These are the main words pronounced by Sileoni during the Congress.
"We want a social model of bank that does not outsource activities, but focuses on specialist advice to families and businesses ,
which creates new professionalism, thus keeping jobs,  paving the way for new hires.
We could never accept the elimination of the framework of rights that is the result of 30 years of union struggles"
he concluded.