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EU court sets limit on central bank liability for damages to erased creditors

Ljubljana, 13 September - The EU Court has effectively set limits on the Slovenian central bank's liability for damages claimed by junior creditors who were wiped out in the 2012-2013 bank bailout. In a ruling issued on Tuesday, it indicated the extent of damages and eligibility must be precisely determined so as to prevent monetary financing, which is not permitted.

Ljubljana
Banka Slovenije, Slovenia's central bank.
Photo: Daniel Novakovič/STA
File photo

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