EU Matures to the Need to Deal with Non-Performing Loans at the European Level
NOVANEWS
Adelina Marini
From Sintra to September - ECB Prepares for a Possible Change in Monetary Policy
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The European economy is recovering at a rapid pace, but its prospects still bear the legacy of the worst economic and financial crisis since the creation of the single European currency. One of the problems that the head of the European Central Bank Mario Draghi has consistently pointed out over the last few years is the non-performing loans that hinder the effect of the ECB's eased monetary policy, which provides cheap money. This problem is also indicated in European Commission's economic forecasts (here and here). According to the report prepared...