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The Italian Non-Performing Loans Problem And Europe

Minenna, Marcello, (2016), “The Italian Non-Performing Loans Problem And Europe”, Social Europe, 30 September

The narrative about Eurozone problems is often – and rightly – focused on the Italian banks’ troubles, burdened as they are by €338 billion of non-performing loans (NPLs) with little or no chance of recovery owing to the persistent crisis of the Italian manufacturing sector. The Monte dei Paschi drama is just the tip of the iceberg: a problem too obvious to be ignored, but certainly not the only one.

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