{"id":19780,"date":"2020-03-19T14:30:09","date_gmt":"2020-03-19T13:30:09","guid":{"rendered":"https:\/\/www.debitos.com\/news\/npl-reduction-banks-are-given-more-time\/"},"modified":"2020-09-30T17:57:12","modified_gmt":"2020-09-30T15:57:12","slug":"npl-reduction-banks-are-given-more-time","status":"publish","type":"post","link":"https:\/\/www.debitos.com\/el\/news\/npl-reduction-banks-are-given-more-time\/","title":{"rendered":"NPL reduction: Banks are given more time"},"content":{"rendered":"<p><strong>ECB launches billion-euro bond purchase programme<\/strong><\/p>\n<p>Europe&#8217;s banks are being allowed more time to press ahead with the reduction of non-performing loans. As Bloomberg reports, this is only one of several measures currently being examined by the supervisory authorities. The regulators would definitely want to avoid a hole in the balance sheets of European financial institutions being torn out by the strict rules on NPL reduction in times of the corona crisis. A spokeswoman for the European Central Bank (ECB) declined to comment.<\/p>\n<p>In the meantime, ECB President Christine Lagarde has announced the &#8220;Pandemic Emergency Purchase Programme&#8221; (PEPP). Until the end of the Corona crisis, the European Central Bank intends to buy up government and corporate bonds worth up to 750 billion euros. The ECB claimed it was &#8220;committed to playing its role in supporting all citizens of the euro area through this extremely challenging time. The governing council will do everything necessary within its mandate&#8221;. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-03-18\/regulators-weigh-measures-to-give-europe-s-banks-bad-loan-relief\" target=\"_blank\" rel=\"noopener noreferrer\">Bloomberg<\/a>, <a href=\"https:\/\/www.rte.ie\/news\/business\/2020\/0318\/1124024-eu-central-bank-covid-19\/\" target=\"_blank\" rel=\"noopener noreferrer\">RTE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"ECB launches billion-euro bond purchase programme.","protected":false},"author":2,"featured_media":17435,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[130],"tags":[],"class_list":["post-19780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category--el"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/posts\/19780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/comments?post=19780"}],"version-history":[{"count":2,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/posts\/19780\/revisions"}],"predecessor-version":[{"id":21498,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/posts\/19780\/revisions\/21498"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/media\/17435"}],"wp:attachment":[{"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/media?parent=19780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/categories?post=19780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/tags?post=19780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}