Italy in Final Talks With EU on Bad Bank Plan, Padoan Says

  • Measures approved by Italy to accelerate reduction of NPLs
  • Padoan sees opportunities for M&A, welcomes foreign players

Italy's Finance Minister Speaks to Bloomberg TV

Italian Finance Minister Pier Carlo Padoan said the government is in final talks with the European Commission to create a bad bank to buy problematic loans from lenders, a measure to free up lending as the country emerges from a record-long recession.

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