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IMF Urges Action on Italy’s Retail Investors’ Bank Bail-In

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The International Monetary Fund called for action over concerns relating to the bail-in of retail investors in Italy, noting that “very high” amounts of non-performing loans and slow judicial processes were straining bank balance sheets.

Financial industry reforms “are critical to entrench financial stability and support the recovery,” the IMF said in a statement following its regular review of the Italian economy. The Washington-based fund said that NPLs appeared to be stabilizing at around 18 percent of total loans.

Source: IMF Urges Action on Italy’s Retail Investors’ Bank Bail-In – Bloomberg

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1 Comment

  1. Oh, how seemingly “helpful” and informative are these *bankers*. They keep letting us know how well their debt spiral traps are performing against our nations. And, oh yes they warn us, once their traps are sprung.

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