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Europe Daily Bulletin No. 12470

21 April 2020
Contents Publication in full By article 20 / 34
ECONOMY - FINANCE - BUSINESS / Banks
Creation of a European ‘bad bank’ is not currently under consideration, says Commission
Brussels, 20/04/2020 (Agence Europe)

The European Commission assured on Monday 20 April that it was not working on the creation of a European bad bank, which would allow euro area banks to free themselves of their doubtful bank loans as part of its economic response to the COVID-19 pandemic.

I can confirm there is no work underway on this within the European Commission”, said Daniel Ferrie, a spokesperson for the institution.

The existence of discussions between senior officials of the European Central Bank (ECB) and the...

Contents

EU RESPONSE TO COVID-19
SECTORAL POLICIES
EXTERNAL ACTION
ECONOMY - FINANCE - BUSINESS
INSTITUTIONAL
COUNCIL OF EUROPE
NEWS BRIEFS
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