European Commissioner for Financial Services, Mairead McGuinness, issued a warning at a press seminar on Tuesday 8 December about avoiding the mistakes of the past and thinking ahead about the problem of ‘non-performing loans’ (NPL), whose stock will increase even more sharply as the economic crisis caused by the Covid-19 pandemic continues.
This is why the European Commission will next week present a new strategy on the treatment of NPLs, which should look again at the creation of a...