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Padoan: measures on bank non-performing loans in sight

“The Italian banking system – said the economy minister – has endured three years of deep recession and 10 points of GDP lost without major jolts: it is emerging from it and the government is helping it with upcoming measures”.

Padoan: measures on bank non-performing loans in sight

“In the coming weeks we plan to introduce measures for the banking system”. The Economy Minister said so Pier Carlo Padoan on the sidelines of the OECD meetings in Paris.

“The Italian banking system has endured three years of deep recession without major shocks and 10 GDP points lost. He is recovering from it and the government is helping him with measures that will soon be adopted to treat bad debts", Padoan underlined, adding that "the timing of measures relating to the banking system is very rapid. We have few valid councils from ministers between now and the summer break for the decrees ”.

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