Europe’s Bad Debts Still Haunt The Euro Banks

Looks like the new “Iron Curtain” in Europe is the non-performing loans (NPLs)  in each country’s banking system.    Greece and Italy stand out.

For European banks, it’s a headache that just won’t go away: the 944 billion euros ($1.17 trillion) of non-performing loans that’s weighing down their balance sheets.

Economists say the pile of past-due and delinquent debt makes it harder for banks to lend more money, hurting their earnings. European authorities are prodding lenders to sell or wind down non-performing credit, but they’re split on how to tackle the issue, and some investors are disappointed by the pace of progress.  – Bloomberg

Europe's Bad Debt Problems_Feb14

 

Europe's Bad Debt Problems__2_Feb14

Europe's Bad Debt Problems__3_Feb14

This entry was posted in Banking, Debt, Euro, Uncategorized and tagged , , . Bookmark the permalink.

2 Responses to Europe’s Bad Debts Still Haunt The Euro Banks

  1. And with rates in all time lows, non performing will soar if rates keep climbing back to normal.

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