Editorial

Topics which were disused during the  round table last Friday included a possible approach to improve the usability of national Asset Management Companies (AMC), the state of play of the Commission’s proposal for a Directive on credit servicers and credit purchasers,  initiatives to improve data standardization and data infrastructure on secondary markets for NPLs, and a presentation of the Commission’s recent proposal on the securitization of non-performing exposures (NPEs). 

ECB chief economist Philip Lane said the coronavirus-hit euro zone economy probably would not return to its pre-pandemic levels until next year at the earliest.

Greece’s 2020 Stability Programme baseline scenario forecasts a 4.7% recession for this year, while the adverse scenario sees a deeper contraction (7.9%).

Greece will inject 10 billion euros or 10% of GDP  in the economy . New package to business and workers.…