Europe faces funding split: ECBC plenary

Economic imbalances will tear Europe apart, warned Professor Marco Onado of Bocconi University delivering the keynote address at the start of the European Covered Bond Council’s plenary session on Thursday in Rome. The financing of SMEs proved a contentious topic throughout the day, but in a separate development away from the conference, the European Investment Fund (EIF) and UniCredit showed how this could work without relying on covered bonds.