Reuters - Belgium Sells Royal Park Investments Credit Portfolio

Belgium has pared back its public debt with the sale of the structured credit portfolio held by its 'bad bank, Royal Park Investments, to U.S. private equity firm Lone Star and Credit Suisse, writes Reuters. Finance minister Koen Geens said in March that Belgium needed to find a further 1 billion euros ($1.30 billion) from asset sales to ensure that national debt did not rise above GDP, writes Reuters.

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