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Portugal gets good report from European Commission

Published on 06/10/2017

The European Commission said today that the Portugal’s plan to allow banks to work together with common debtors is an “important initiative” which will accelerate the recovery of viable companies.

“The restructuring of viable businesses should be accelerated while non-viable companies should not continue to weigh on bank balance sheets. The platform to strengthen the coordination of bad debt management is an important initiative in this regard,” says the European Commission.


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