European Central Bank and European Commission officials are pondering a eurozone bad bank to remove non-performing loans (NPLs) from banks balance sheets.
- plan to deal with debts left over from the 2008 financial crisis
- being prodded along by senior ECB officials concerned the coronavirus pandemic will trigger another surge in bad debts, which limit banks lending capacity
- opposition though within the European Commission
The Financial Times have the report here, may be gated
