BRUSSELS (Thomson Financial) - Dutch Cental Bank chief Nout Wellink says that the cost of the credit crisis could amount to a maximum of 1.2 trln eur at worst.
'The question is, will 50 or 25 pct of it return to the balance sheet?', Wellink said at a two-day gathering of EU finance ministers and central bankers in Porto, northern Portugal according to his spokesman.
He explained that at the moment, an estimated 1.2 trln eur has been invested in special investment vehicles.
'In a worst case scenario, banks would have to recover the loans...but as such these loans could be very healthy,' he said.
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