Thursday February 20, 2020

Ireland offers template for European debt restructuring: ECB's Nouy

“I’m surprised by what [Ireland] has achieved," she said

23rd March, 2016
Daniele Nouy (pictured) and Sabine Lautenschlaeger lead the ECBs supervisory board Pic: Rollingnews.ie

Euro-area bank supervisors are looking at countries like Ireland with a history of tackling soured loans for hints on how to work out the €1.2 trillion-euro bad debt pile that’s plaguing banks across the currency bloc.

Non-performing loans remain a top priority for the European Central Bank, Daniele Nouy and Sabine Lautenschlaeger, who lead the ECB’s supervisory board, told journalists in Frankfurt today. As there’s no silver bullet, supervisors are settling in for...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The narrative of the Sinn Féin surge suggests that politics in Ireland is becoming more polarised like in the US and Britain, but the reality is far more complex

Colin Murphy | 4 days ago

Bank chief McDonagh says move would create better work environment for young parents and people with caring responsibilities

Killian Woods | 4 days ago

Despite a belated show of independence, the US attorney general has been a willing pawn in Trump’s interference in criminal investigations being carried out by the Department of Justice

Marion McKeone | 4 days ago