EU and ECB fight over bad loans
On December 6, a new NPL regulation will be voted on in the Economic Committee of the European Parliament. Currently, the ECB and the EU are still arguing over the rules banks must follow to solve the problem. In October 2017, the ECB presented new NPL guidelines to encourage European banks to reduce their bad loans more quickly. However, these were considered too stringent by European Parliament President Antonio Tajani. In addition, the EU stated that the ECB exceeded its competences since the European Parliament would be responsible to deal with the problem.