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Italy asks EU to extend Guarantee that helped banks cut bad debt

Lorenzo Totaro and Sonia Sirletti Italy has asked European regulators to extend a state loan-guarantee plan that has helped its banks put a dent in Europe’s biggest pile of non-performing loans. The Treasury under the previous government of Paolo Gentiloni had already signaled its intent to seek an extension to the plan, which expires on Sept. 6. ...Read all novelty

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