ESM survey sees 8-12.5 billion-euro damage from 'bad bank' plan
The Greek state will suffer a loss of between 8 and 12.5 billion euros from the implementation of a Bank of Greece's plan to set up a "bad bank" to absorb Greek banks' non-performing loans, a survey on "Lessons from Financial Assistance to Greece" conducted under the guideance of Joaquin Almunia, former EU Economic Affairs Commissioner for the European Stability Mechanism (ESM), said on Thursday.
- Published in Economy