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

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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...

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

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