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ECB’s McCaul to paper By Reuters

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© Reuters. Headquarters of the European Central Bank in Frankfurt

ROM (Reuters) – The European Central Bank’s worst-case scenario, with bad loans from EU banks reaching 1.4 trillion euros ($ 1.70 trillion) at the end of the pandemic, is “less likely,” said a member of their unified supervisory board Il Sole 24 Ore.

Elizabeth McCaul told the newspaper in an interview published on Tuesday that Italian banks had made “considerable” progress in reducing their impaired loans.

($ 1 = 0.8239 euros)

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