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Tuesday
05
Nov 2024
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Athens 18°C

> bad loans

> bad loans

Greece to guarantee up to 20bln Euros of banks’ “bad loans”

The government considers setting up a special purpose scheme

Eurobank sells 1,5bn Euro bad loans to hedge fund for just 45 million Euros!

The borrowers will not be given the chance to buy their loans first for the same price, as it happened in Cyprus

Europe to improve disclosure of ‘bad loans’ for all banks

The goal is to digest the one trillion euro in Non-Performing Loans (NPL)s accumulated over the last few years