More trouble in sight for Cypriot banks as ECB mulls cutting back on QE

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More trouble in sight for Cypriot banks as ECB...
 © BusinessMail 2017
By Stelios Orphanides

Cypriot banks may face additional challenges in reducing their stock of non-performing loans once the European Central Bank (ECB) decides to cut back its expanded asset-purchase programme, economists said.

The economists commented in response to a Reuters report dated March 15, which said that banks in the European Union could face a non-performing loans problem totalling €1 trillion in case the ECB reduced its bond-buying programme of currently €80bn a month by one quarter. The Reuters report, which cited an “internal EU document,” said that the ECB is...


More trouble in sight for Cypriot banks as ECB mulls cutting back on QE


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