Some euro zone banks are “in denial” about their problems with unpaid loans, the European Central Bank’s chief supervisor has told a Finnish weekly.
“In all euro area countries, there are … banks that are not doing so well but are committed — and bravely so — to tackling their problems; and then others that are somewhat in denial and will have to change to improve,” Daniele Nouy told Talouselämä in an interview published on Friday.
She was responding to questions about a request for public help by Italy’s Monte dei Paschi di Siena and apparent failures to clean up the banking sector in that country and in Germany.
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