At a CIRSF conference in Lisbon on Thursday 1 June, the President of the European Banking Authority (EBA), Andrea Enria, made recommendations to tackle non-performing bank loans in Europe, which are stifling economic recovery.
The stock of non-performing loans (NPL), which are defined as loans for which the reimbursement deadlines have been exceeded by 90 days or more, stood at nearly €1 trillion at the end of 2016 and levels varied enormously between member states.
Ruling out a purely...