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HomeBRRD

BRRD

Yannis Stournaras’ new plan for a “bad bank”
Finance

Yannis Stournaras’ new plan for a “bad bank”

4 May 2020 Editors

The Bank of Greece is working on a plan for the creation of a “bad bank” to which all nonperforming loans (NPLs) of banks will be transferred. Still, as reported by the FT, the EC recently rebuffed an ECB proposal for a euro zone-wide bad bank.

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