Portugal seeks exemption from EU state aid rules to help banks

Author (Person)
Series Title
Series Details 19.05.16
Publication Date 19/05/2016
Content Type

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/
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