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To fulfill the brand new conditions for Eu accession on the battle rules career, this type of requirements have to be met. Inside the 2020, the new Percentage continued to keep track of candidate places’ and you may possible candidates’ compliance using their obligations underneath the Stabilisation and you will Connection agreements. Within the 2020, the new Commission in addition to went on overseeing the new implementation of the group acquis inside the neighbouring nations, that the newest European union features ended strong and you can total free trade agreements.
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From the assisting banking companies so you can securitise and you may flow low-undertaking finance off their balance sheets, the newest scheme is an important component of Italy’s strategy to tackle banks’ asset-quality troubles. Anywhere between February 2016 and February 2021, the fresh plan could have been utilized 27 times, deleting up to EUR 74 billion from low-undertaking money from the Italian banking system. Inside 2020, the new COVID-19 drama has experienced an effect on the different groups from financial functions. Including, in the repayments, the fresh pandemic features led to a rise in contactless and electronic repayments to get which have digital wallets, fee programs and you can contactless cards. Whilst in-shop card purchases diminished generally speaking in the COVID-19 lockdown procedures, the brand new percentage of contactless costs certainly one of all-in-store cards payments enhanced.