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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