Enria (SSM): “Bad debt at a historic low in Europe”

Creditors, mainly the ECB, opposed any long term extension to primary residency protection.
The Greek government sends a strong message that it will immediately take the necessary legislative initiative to protect main residence.

The EU financial system is more resilient now, but the longer the necessary containment measures remain, financial fragility increase. The General Board decided to focus its attention on five
priority areas.

The head of the ECB’s Single Supervisory Mechanism, Andrea Enria, has expressed fears of a new wave of bad debt…