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Europe’s Central Bank Is Right to Get Tough on Bad Loans

Ferdinando Giugliano, (2017), «Europe’s Central Bank Is Right to Get Tough on Bad Loans», BloombergView, 6 Δεκεμβρίου

A power struggle has set three of Europe’s most important institutions against each other. The European Central Bank, the European Parliament and the European Council are fighting over how banks should treat bad loans. The ECB has taken the toughest stance, but also the most appropriate one to the problem. If politicians want to limit the risk of a new banking crisis, they should let supervisors have their way.

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