ABU DHABI / WAM The Ministry of Energy and Infrastructure (MoEI) organised the third edition …
Read More »Greek banks inch towards relief from $47bn bad loans
Bloomberg Greek authorities are moving forward with two different plans to save their banks from a downward spiral. Some would-be investors think they’re too clever by half. To reduce non-performing loans, the Greek central bank is proposing a special-purpose vehicle created with the stricken lenders’ tax credits — themselves an accounting creation of the nation’s past debt restructuring. With those …
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