Padoan wants the European Central Bank to exercise caution in its moves to clear banks' balance sheets of bad debt

  • Agrees with the ECB that that banks should reduce NPLs at a faster pace than currently
  • But not too fast, so that banks could have the time to sell their bad loans at higher prices or could even recover them from their creditors
  • Demanding that suddenly banks offload their NPLse this could be destabilizing