Author (Person) | Gerosa, Francesca |
---|---|
Series Title | EurActiv |
Series Details | 19.05.16 |
Publication Date | 19/05/2016 |
Content Type | News |
The head of Portugal's central bank, Carlos Costa, defended in May 2016 the creation in the country of a mechanism similar to Italy’s ‘Atlante’ fund, in order to recapitalise some struggling banks. Mr Costa asked for exemption from EU state aid rules so that this mechanism for purchasing non-performing loans could be set up. |
|
Source Link | Link to Main Source http://www.euractiv.com/section/euro-finance/news/portugal-seeks-exemption-from-eu-state-aid-rules-to-help-banks/ |
Countries / Regions | Portugal |