The central banks of Germany, Luxembourg and the Netherlands lost almost €6bn collectively on bank failures last year, the European Central Bank said on Thursday, highlighting the risks countries face in supporting struggling institutions.
The three national institutions, which operate as part of the Eurosystem, are owed €10.3bn (€13bn, £9bn) after lending money to the German arm of Lehman Brothers, three subsidiaries of Icelandic banks and the Dutch bank Indover NL.
