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G20: Visco, there will be insolvencies and NPLs but there is confidence

2021-04-07T16:29:28.090Z


When the measures to support the economy, globally, are gradually removed "there will certainly be an increase in insolvencies, no doubt" and the best thing the authorities can do is "try to be effective in helping business ... (ANSA)


(ANSA) - ROME, APRIL 07 - When the measures to support the economy, on a global level, are gradually removed "there will certainly be an increase in insolvencies, there is no doubt" and the best thing the authorities can do is "look for to be effective in helping healthy businesses make it through this transition. "


    This was stated by the Governor of the Bank of Italy, IgnazioVisco, in the press conference at the end of the G20 of the ministers of finance and governors. "We are monitoring - explained Visco - we will move towards a more selective approach and in the end there will be an increase in non-performing loans and insolvencies, but we entered this crisis in better conditions, at a global, European and Italian level, compared to the past financial crisis: we are confident that we will overcome this period much better than in the past. " (HANDLE).


Source: ansa

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