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Npl, Padoan rejects the new ECB rules

The Economy Minister, entering the Eurogroup, spoke of "perplexity both on the methods and on the contents of the communication questioned by the SSM".

“I have doubts about both the ways and the contents of the communication questioned by the SSM”. Economy Minister Pier Carlo Padoan said this when he joined the Eurogroup, with reference to new guidelines of the ECB Supervision on the coverage of non-performing loans.

"It is clear that in Italy there is a problem of reducing bank non-performing loans - added the number one of the treasury - it is also clear that this process has begun and is also going in the right direction with increasing speed, so we are satisfied with this

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