Italy should do more to tackle banks' bad loans - IMF
The Italian government has recently taken a number of measures to tackle bad loans but these efforts may not be sufficient to strengthen its ailing banking system, the International Monetary Fund said on Wednesday.
A three-year long recession left a legacy of more than 200 billion euros (175.48 billion pounds) in non-performing loans on Italian banks' balance sheets, and uncertainty over the value of these loans has depressed investors' appetite for the country's banks.
In its Global Financial Stability Report published on Wednesday, the IMF said that Italy's recent reform on insolvency,... read more
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