Bloomberg View, (2017), “Europe Needs to Face Its Bad-Loan Problem”, 30 October
Financial regulators in the European Union are grappling on several fronts with problems in their banking system. They’ve made some progress, but there’s a pattern: The proposals fall short. Plans for EU-wide deposit insurance have been watered down. The system for resolving failing banks is underfunded. And now controversy has arisen over new rules for dealing with bad loans — rules that, despite the complaints, still aren’t as bold as they ought to be.
Relevant Posts
- Veron, Nicolas, Zettelmeyer, Jeromin, (2017), «A European perspective on overindebtedness», Bruegel, 28 September
- Beynet, Pierre, (2017), «Solving Non-Performing Loans in Europe to speed up the recovery», OECD ECOSCOPE, 23 May