Sharon Donnery: Setting the standard: NPL workout in the euro area Remarks by Ms Sharon Donnery, Deputy Governor of the Central Bank of Ireland, at an event entitled "Tackling Europe's non-performing loans crisis: restructuring debt, reviving growth", organised by Bruegel, Brussels, 3 February 2017. * * * I would like to thank Donata Faccia and Mícheál O’Keeffe for their contribution to my remarks.
1. Introduction Good morning, It is a pleasure to be here today at Bruegel to discuss the resolution of NonPerforming Loans (NPLs) in the euro area. Different factors have contributed to the formation of non-performing loans across individual Member States.