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Europe Needs to Face Its Bad-Loan Problem

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.

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