{"id":19934,"date":"2020-04-20T16:17:00","date_gmt":"2020-04-20T14:17:00","guid":{"rendered":"https:\/\/www.debitos.com\/news\/effects-of-the-corona-crisis-ecb-chief-supervisor-wants-bad-bank\/"},"modified":"2020-09-30T17:57:06","modified_gmt":"2020-09-30T15:57:06","slug":"effects-of-the-corona-crisis-ecb-chief-supervisor-wants-bad-bank","status":"publish","type":"post","link":"https:\/\/www.debitos.com\/el\/news\/effects-of-the-corona-crisis-ecb-chief-supervisor-wants-bad-bank\/","title":{"rendered":"Effects of the Corona crisis: ECB chief supervisor wants bad bank"},"content":{"rendered":"\n<p><strong>Institute to process bad loans from Europe&#8217;s banks.<\/strong><\/p>\n\n\n\n<p>As early as 2017, Andrea Enria brought a European bad bank into play as head of the European Banking Authority (Eba). A central institution was to take over accumulated NPLs of the major European banks &#8211; and then gradually liquidate them. Even as Chairman of the Supervisory Board of the European Central Bank (ECB), the bad bank concept does not seem to let him go.<\/p>\n\n\n\n<p>According to market reports, Enria is planning a bad bank for the realization of the loans that have accumulated in European financial institutions since the financial crisis. For the ECB fears a further wave of NPLs in the coming months and years &#8211; caused by the spread of the corona pandemic.<\/p>\n\n\n\n<p>However, the plans for the establishment of such a winding-up company are still at an early stage. The EU Commission is currently still rather critical of Enria&#8217;s initiative. A spokesperson from Brussels confirms that the Commission is not currently working on such a model. <a href=\"https:\/\/twitter.com\/FinancialTimes\/status\/1251897345156972550\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Institute to process bad loans from Europe&#8217;s banks.","protected":false},"author":2,"featured_media":17464,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[130],"tags":[],"class_list":["post-19934","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\/19934","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=19934"}],"version-history":[{"count":2,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/posts\/19934\/revisions"}],"predecessor-version":[{"id":19940,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/posts\/19934\/revisions\/19940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/media\/17464"}],"wp:attachment":[{"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/media?parent=19934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/categories?post=19934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/tags?post=19934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}