Article summary
The European Central Bank (ECB) has published a letter from the chair of its supervisory board, Andrea Enria, to a member of the German Bundestag, Frank Schäffler, regarding possible policy responses to the crisis caused by the coronavirus (COVID-19) pandemic. In the letter Enria responded to questions from Schäffler on the potential creation of a European asset management company and the development of non-performing loans (NPLs).
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