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BRIEF-EU grants Italy 1-yr extension to bad loan guarantee scheme
September 6, 2017 / 3:11 PM / 18 days ago

BRIEF-EU grants Italy 1-yr extension to bad loan guarantee scheme

Sept 6 (Reuters) - The European Commission says:

* has granted Italy a 12-month extension to the so-called GACS scheme under which the state gives guarantee to the securitisation of banks’ bad loans. (Reporting by Milan newsroom)

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