Zombies In Europe
Written by Constantin Gurdgiev, TrueEconomics.Blogspot.in
Europe’s banks have been back in the crosshair of the markets in recent weeks, with new attention to their multiple problems catalysed by the Brexit vote. The equity positions of many banks has been evaporating while non-performing debt has not diminished and, in some cases, even increased. Greek debt has been continued at face value, for example, by continuing to force more debt on that nation so it can continue payments on old debt.
Source: http://econintersect.com/pages/opinion/opinion.php?post=201607102231
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