"The Ministry of the Economy looks favorably on all the initiatives that credit and finance operators are putting in place to lighten their assets from non-performing loans, thus freeing up capital to be used to support businesses and consumption". The note comes directly from the dicastery in via XX Settembre, which adds: "the Government contributes with its actions to removing the causes of the credit crunch also through guarantee funds and investment support vehicles - such as the European Investment Bank and the Fondo Italiano d'Investimento – and also positively evaluates initiatives of a consortium nature of sector operators but believes that the use of national or EU public resources is not necessary for this purpose”.
According to the Treasury, "In Italy this sector can benefit from the innovations made possible by practices already widespread in other countries and for which there is substantial experience with various international operators, among which Minister Saccomanni has collected expressions of interest for the market Italian, also during his visits to the financial markets of London and New York. The Governor of the Bank of Italy has also recently expressed his opinion on the same line – underlines the note – who called for an evolution of the sector in the direction of a rationalization of credit management, through greater efficiency of procedures and transparency in active. The Governor also recalled that more ambitious interventions are possible".
