These are the ECB’s scenarios for the impact of the COVID-19 pandemic on economic activity in the euro area

Lenders insist on their position to not extend the home protection framework beyond May 1st. Greek government will ask lenders today to put in place a new institutional framework that will allow the state to subsidize mortgage installments.

The measures will not only enhance Greek banks’ liquidity position by 10 billion euros,and their NII,
but also benefit Greek Government Bonds themselves.

The head of the ECB’s Single Supervisory Mechanism, Andrea Enria, has expressed fears of a new wave of bad debt…