- Markus Demary ·
- Press Release ·
- 7 May 2018
Non-performing loans: Herculean task for the Eurozone
The big banks in the Eurozone are still sitting on non-performing loans worth over half a trillion Euros. Especially in Cyprus, Greece and Italy bank failures are likely, as shown in a study of the German Economic Institute (IW). If the banks were to be made fit for the introduction of the planned European Deposit Insurance Scheme, then a great deal of money would have to be spent on their restructuring.