In a press release published on Friday 20 July, the European Economic and Social Committee (EESC) stressed the urgent need to act to reduce the existing stock of non-performing loans (NPL) and prevent their accumulating again in the future, whilst issuing warnings about certain aspects of the package of measures presented to this end by the European Commission in March of this year (see EUROPE 11981).
In an opinion adopted on 11 July, the Committee warns against the “one size fits all...