Vítor Constâncio: We need a coordinated European NPL strategy

One of the most pressing issues for euro area banks is the nearly €1 trillion of non-performing loans (NPLs) on their balance sheets. While the average euro area NPL ratio has declined gradually from a peak of 8% in 2013, it still remains at 6% and differences across countries are marked, By Vitor Constâncio.
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