Italy's Padoan says talks with EU on bad loan management going well

January 22, 2016 12:07 PM

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DAVOS Jan 22 Talks with the European Union on how to manage a mountain of bad loans clogging up Italian banks are going well, Economy Minister Pier Carlo Padoan said on Friday.

"The state of play is good," Padoan told reporters on the sidelines of the World Economic Forum in the Swiss resort of Davos.

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