Dec 15, 2021

1 min read

Italy to seek EC permission to extend bad loans scheme

Italy to seek EC permission to extend bad loans scheme

Italy to seek EC permission to extend bad loans scheme — — -Brussels (Brussels Morning) Italy would like to prolong its state guarantee programme used to help its banks clear out non-performing loans even beyond the planned June 2022 deadline, and it is gearing up for talks with the European Commission to receive its permission to do so.

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