Supervisors will use the results to carry out their supervisory review and evaluation process. While still low, the profitability of Italy’s leading banks improved in the first nine months of last year. Return on equity was 4.4 per cent, compared with 1.4 per cent in the same period of 2016.
These reforms would facilitate the sustainable return of the Greek State to the international government bond markets and the rebalancing of the economy towards a knowledge-based and export-led growth model. Finally, it is high time to take bold steps towards the completion of EMU, promoting greater political solidarity and fostering private and public risk-sharing.