european fund recovery

The ratio of NPLs could be close to 3%in Europe in 2020

ESM Credits, No Conditionality Now But What About In The Future?

Intermoney | On Friday, the first support measures within the EU worth €540 Bn were given the final go-ahead, but there are still some clouds around. There is a general requirement for accessing these loans for all countries, linked only to their use for direct or indirect Covid-19 health costs. There is no particular conditionality. In Italy, however, there are concerns about the conditionality of ESM resources in the future. If the recovery allows it, the conditions would already be a reality in 2022 at the latest.