EUROPE FINANCE WARNING: Zombie banks present SERIOUS danger for eurozone, think tank says

EUROPE FINANCE WARNING: Zombie banks present SERIOUS danger for eurozone, think tank says
 

The Institute for Economic Research (IFO) in Munich has revealed that the economies across the European Union (EU) are still being hindered by the large amount of “zombie” economies - those companies and banks that are in difficulties but are being kept alive by toxic loans and debts.
President of the IFO Clemens Fuest said: "The problem of zombie companies and banks is still serious. Especially in Greece, Italy and Portugal, the proportion of bad loans in bank balances is still far too high.”
According to a recent study by the Bank of America, some nine per cent of the largest... read more

 
31 July 2017 in Business, Views: 55
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
                1
    2 3 4 5 6 7 8
    9 10 11 12 13 14 15
    16 17 18 19 20 21 22
    23 24 25 26 27 28 29
    30 31