Wow, central bank city out there right now as the Bank of Italy gov steps to the rostrum

  • banking union,capital markets union remain priorities
  • Italy out of recession
  • European financial integration still incomplete but establishment of SSM was important step
  • Italy bank credit subdued by high NPL ( non=performing loan) levels
  • solution to NPL problem requires comprehensive strategy
  • vehicle needed that allows purchases of NPLs from banks