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EU finance ministers to ponder Europe's bad-loan problem

EU finance ministers to ponder Europe's bad-loan problem

Wednesday, April 5, 2017, 3:04 PM

European Union finance ministers will try to find a way to deal with bad loans at European banks that drain their profits and capital and obstruct their financing of the economy. The 2008 financial crisis and subsequent economic downturn in Europe increased the non-performing loans (NPLs) of EU banks, which now amount to 1 trillion euros ($1.07 trillion), or 5.4% of all bank loans.
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