Draghi Backs State Backstop for Bad Loans in Key Point for Italy

Updated on
  • Italian NPLs ‘will take time to resolve,’ says ECB president
  • Draghi speaks after monetary policy meeting in Frankfurt

European Central Bank President Mario Draghi supported a public backstop for non-performing loans, becoming the most powerful euro-area official yet to make a stand on a key issue faced by Italian banks.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.