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Budget committee OK's mini-budget (2)

Amendment boosts sale of NPLs

Redazione Ansa

(ANSA) - Rome, May 29 - The HOuse budget committee on Monday approved the government's 3.4-billion-euro mini-budget which will hit the House floor tomorrow.
    Among the amendments approved was one that will boost the sale of non-performing loans, creating a securitization market.
    Another protected pension funds from bail-in rules. The budget adjustment, equivalent to 0.2% of GDP, was requested by the European Commission to avert an infringement procedure.
   

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