Italy's New Rules on Bad Loan Sales Could Be Another Blow to Investors
- Meloni’s government is pushing to pass new law by year end
- Proposed bill could jeopardize investments, hamper new lending
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Italy’s government is pushing to approve a borrower-friendly measure on bad loans by the end of the year as part of Prime Minister Giorgia Meloni’s drive to help troubled families and firms amid rising interest rates.
Meloni’s administration is seeking to finalize a new framework that would allow individuals and small corporate borrowers to repay debts that went sour in previous years for a fraction of their nominal value, according to people familiar with the matter, who asked not to be named before the plan is approved.