ECB's Nouy says all tools must be used to tackle bad loan issue

November 24, 2015 12:50 PM

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MILAN Nov 24 The European Central Bank would welcome an Italian vehicle that could buy problem loans from banks but if this solution does not work out there are other options, the ECB's head of banking supervision said on Tuesday.

Delivering a speech at Milan's Cattolica university, Daniele Nouy said that non-performing loans remained a major issue for banks in several European countries that needed addressing.

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