The ECB’s Vice President Vítor Constâncio made a lucid, coherent and altogether applaudable speech on the critical need to get non-performing loans (NPLs) off of European bank balance sheets. This is an old problem and one that has hampered Europe’s growth for almost a decade. He used the bad bank idea, which is an old one, but presented it in a way that laid bare the need and mechanics for success.
This content requires a Finadium subscription. Articles with an unlocked symbol can be accessed with free registration. Log in or create a free account by signing up here..
