Italy fin min Padoan - banks should given a "reasonable" time to sell bad loans
Padoan wants the European Central Bank to exercise caution in its moves to clear banks' balance sheets of bad debt
- Agrees with the ECB that that banks should reduce NPLs at a faster pace than currently
- But not too fast, so that banks could have the time to sell their bad loans at higher prices or could even recover them from their creditors
- Demanding that suddenly banks offload their NPLse this could be destabilizing
Reuters
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