EU-ECB ties shd be improved - Padoan

(ANSA) - Rome, September 26 - The precautionary recapitalisation of troubled Tuscan lender Monte dei Paschi di Siena (MPS) has shown that the relationship between the European Union and the European Central Bank "should be improved," Economy Minister Pier Carlo Padoan said Tuesday.
    "Better clarity is certainly a key to success," he said.
    The banking system is at a turning point, said Padoan, and the level of non-performing loans "is large but manageable", close to what it was before the 2007-2008 financial crisis.
    But political uncertainty in Europe "risks stopping reform efforts," Padoan said, stressing that banking union "must be completed, with a sharing of the risks".