Italy in Final Talks With EU on Bad Bank Plan, Padoan SaysBy and
Measures approved by Italy to accelerate reduction of NPLs
Padoan sees opportunities for M&A, welcomes foreign players
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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