Italy Seeks "Silver Bullet" to Clean Up €330 Billion Nonperforming Loans; Explaining the "Bad Bank" Concept
November 23, 2015 at 16:00 PM EST
Italy plans to launch a series of bad bank-style measures as early as the end of the year in an effort to cut its €330bn pile of non-performing loans as it seeks a “silver bullet” to boost its weak economic recovery, say senior officials.