The hour of truth has come for BMPS which had not been allowed to follow a standalone path by the ECB. With the group’s asset quality issue apparently making the handsome prince hard to get, the ECB has had no choice but to request an accelerated NPL reduction that is likely to require at least a temporary capital injection. The bailout seems to be the only workable approach.
08 Jul 2016
Hour of truth
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Hour of truth
- Published:
08 Jul 2016 -
Author:
David Grinsztajn -
Pages:
3
The hour of truth has come for BMPS which had not been allowed to follow a standalone path by the ECB. With the group’s asset quality issue apparently making the handsome prince hard to get, the ECB has had no choice but to request an accelerated NPL reduction that is likely to require at least a temporary capital injection. The bailout seems to be the only workable approach.