The “second wave,” if prolonged, could cause bad loans to almost triple, to €1.4 trillion, says the ECB.
With impeccable timing.
What does it mean when Wall Street mega-landlords that bought the impaired assets after the last crash are trying to unload during the worst economic crisis on record?
A goldmine for enterprising criminals. Even legitimate borrowers face sky-high default rates. Taxpayers to eat the losses.
A struggle for basic survival and for new money to burn.
Leaks about money laundering, a resurgent Pandemic, China risks, exposure to Turkey’s financial crisis, all in a negative-interest-rate environment that is toxic for banks.
Saving the Zombies in Europe.
For many, squatting is a desperate last resort. For others, it’s a lifestyle choice or political statement. Barcelona, ground zero of the phenomenon, attracts squatters from all over Europe.
The European Market Regulator flags big issues, including the “decoupling of financial market performance and underlying economic activity.”
“The contract between society and business has changed forever.”