Ad
Securitisation is the process of bundling loans, converting them into securities, and selling the risk (Photo: Cory Doctorow)

Interview

MEPs wary of small print in EU securitisation bill

Can the revitalisation of a controversial financial tool, which, in the US, caused the subprime mortgage crisis in 2007, generate between €100 billion and €150 billion in additional funding for the European economy?

Paul Tang sighed.

“It is a bit of a long shot,” he told EUobserver in his office in Brussels on Tuesday (26 January).

The Dutch economist and centre-left politician is in charge of steering two legislative proposals through the European Parliament, both of them a...

To read this story, log in or subscribe

Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.

Already a member? Login
Ad
Ad