Herro: Italy Must Push NPL Resolution for Paschi

The video discusses the current political and economic situation in Italy, focusing on the restructuring of Passkey and the role of government and private equity. It highlights the challenges of the NPL resolution process, particularly in Italy, where a significant portion of bad loans are backed by collateral. The discussion also covers investment strategies, emphasizing the strong position of Intesa and the improving Italian economy.

What are your thoughts on the current plan regarding the restructuring of Passkey?

What are the advantages and disadvantages of government ownership versus private equity in managing Passkey?

How do you perceive the impact of bad loans on the Italian economy?

In your opinion, how does the NPL resolution process in Italy compare to that in the US and UK?

What factors contribute to the attractiveness of Intesa as an investment option?