DW – According to a study by a renowned auditing company, banks in the 17-member eurozone have had to grapple with a record amount of bad loans. And a quick easing of the situation is not in sight, the survey claims. Banks in the euro area amassed the largest amount of bad loans ever, the economic auditing firm Ernst & Young revealed in a study released on Monday. It estimated that credits to the tune of 918 billion euros ($1.23 trillion) were currently not being paid back at all or could only partly be paid back, amounting to 7.6 percent of all loans granted in the eurozone. Read Article
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