ECB's Angeloni: Italian banks' NPLs can be managed but shouldn't be underestimated

European Central Bank (ECB) member of the Supervisory Board Ignazio Angeloni crossed the wires in the last hour, speaking to Il Sole 24 Ore on the Italian banking crisis.

Key Quotes:

Italian banks' non-performing loans can be managed but shouldn't be underestimated

NPLs (non-performing loans) a problem for some banks in Italy

Banking problem is not Italy-specific

Atlante bank bailout fund a good initiative but in need of more resources