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Moratoriums or relief measures such as payment holidays and government guarantees were rushed in after economies went into lockdown in March to fight the pandemic. Around 17% of loans subject to relief measures were classified as 'Stage 2' by the end of June, meaning banks are required to start making provisions for potential losses -- more than double the share for total loans, the European Banking Authority said. Banks in Cyprus, Hungary and Portugal had the highest share of total loans subject to relief measures, with banks in France, Spain and Portugal having the highest volumes.