Draghi: eurozone ‘bad bank’ would not be ‘panacea’ for NPLs
ECB president also rejects criticisms made by US president’s trade adviser
A European-level 'bad bank' would not necessarily be a complete solution to the eurozone's non-performing loans (NPLs), Mario Draghi told members of the European Parliament (MEPs) today (February 6).
Asked whether this might be a solution to high NPL levels, the European Central Bank (ECB) president argued bad banks were "not really [a] panacea" for NPLs. European Banking Authority chairman Andrea Enria suggested a pan-eurozone bad bank should take over NPLs, in a speech given on January 30.
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