The Council decided today on its position in negotiations with the European Parliament on the provision of a further EUR 500 million of macro-financial assistance to Jordan. The EU assistance will help strengthen Jordan’s economic stability and underpin its ongoing reform programme in the face of growing internal and external challenges. It aims to support […]
European Commission reinforces support for Ukraine by proposing comprehensive financial assistance package
The European Commission last week took a decisive step towards strengthening support for Ukraine by proposing a comprehensive financial assistance package, consisting of a loan cooperation facility with Ukraine of up to 45 billion euros and an exceptional macro-financial assistance loan of up to 35 billion euros. This package leverages extraordinary profits from immobilised Russian […]
January 2020 euro area bank lending survey
Credit standards remained broadly unchanged for both loans to enterprises and housing loans Demand for loans to enterprises declined, while demand for housing loans increased further Euro area banks use TLTRO-III liquidity largely for granting loans Credit standards – i.e. banks’ internal guidelines or loan approval criteria – remained broadly unchanged for both loans to […]
The EU is taking steps to deliver on its comprehensive strategy to deal with banks’ bad loans.
EU ambassadors today approved the Council’s position on a proposal for a common framework and minimum requirements for out-of-court mechanism to recover the value from loans guaranteed with collateral in case the borrower is not able to pay it back. Effective out-of-court enforcement can help prevent the accumulation of non-performing loans (NPLs), as it provides […]