Journal of
Italian
Banking
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year 100
 

Archive » July - August 2014 » Address by the President of the Italian Banking Association at the Annual Meeting

Address by the President of the Italian Banking Association at the Annual Meeting

Antonio Patuelli
July - August 2014
Jel codes: G21, G28

Italian banks have faced the effects of the crisis without public intervention and with high levels of taxation. The burden of non-performing loans has been sustained, even in a scenario of declining profitability, with effective measures, including large capital increases, all strictly private. These efforts should not be frustrated by the widespread hostility towards Europe and Euro and we must continue to work for a level playing field in the European single market. Monetary union, fiscal union and ethical commitment are the key elements

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