Italy’s Finance Minister Pier Carlo Padoan warned on Wednesday that changing the rules for the management of non-performing loans (NPLs) may hinder growth and undermine the stability of the banking system, Reuters reports.
As the Italian economy is resurging, the stock of bad debts accumulated by Italian banks is falling. In July, the total volume of so-called non-performing loans (NPLs) fell by €18bn or 10% of the total. The stock of bad debt has been reduced in manufacturing, real estate, and...
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