Ferdinando Giugliano, (2017), “Europe’s Central Bank Is Right to Get Tough on Bad Loans”, BloombergView, 6 December
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.
Relevant Posts
- Bloomberg View, (2017), «Europe Needs to Face Its Bad-Loan Problem», 30 October
- Juan Luis Diaz del Hoyo, Ettore Dorrucci, Frigyes Ferdinand Heinz, Sona Muzikarova, (2017), «Real convergence in the euro area:a long-term perspective», European Central Bank Occasional Paper Series No 203, December