In order to prevent the accumulation of non-performing loans (NPLs) linked to the Covid-19 pandemic from leading to a credit crunch, the European Commission took the lead, on Wednesday 16 December, by presenting an action plan designed in particular to stimulate the sale of NPLs on secondary markets (see EUROPE B12622A21).
The Vice-President of the European institution, Valdis Dombrovskis, detailed the four objectives: - developing secondary markets for distressed assets; - reforming rules...