Reuters revealed that Italy is considering tightening a state guarantee scheme designed to help banks shed bad debts while weighing its extension to cushion the hit from the Ukraine war and the pandemic. Since its 2016 launch, the ‘GACS’ scheme has helped Italian banks offload 96 billion euros in bad debts by softening the hit from the disposals to their earnings.

Article Tags

Topics of Interest: Economy

Type: Reuters Best

Sectors: Economy & Policy

Regions: Europe

Countries: Italy

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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