Non-Performing Loans: less Europe, more “national coordination”

MATTIA SEDDA

The logo of the Banca Monte dei Paschi di Siena (BMPS or MPS) is seen on a glass of an MPS branch in Siena, Italy, 23 March 2016. The MPS bank, founded in 1472 as 'Mount of piety,' is reported to be the world's oldest surviving bank and Italy's third largest commercial and retail bank.

Non-Performing Loans: less Europe, more “national coordination”


The EU 28 came to a provisional consensus on an action plan to address the challenge of Non-Performing Loans (NPLs). The issue at hand was deemed urgent, especially after the bailout of three Italian lenders, two regional and one national.
But, the new Action Plan to address the challenge of NPLs is more of a platform for national coordination and less of a “European strategy.” If there ever was a European strategy in this Action Plan, it has been diluted.

Brussels wants, Berlin doesn’...


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