PwC: European banks are sitting on 1.05 trillion euros of non-performing loans

A study of European banks by the consultancy Price Waterhouse Coopers is making the rounds in the German-language press. I haven't seen the study itself but it was released by PwC in Frankfurt earlier today. Hence the interest in German-language media. The articles focus mostly on the large increase in non-performing loans in Greece and Spain, while Germanys NPL volume has stagnated.

I think the undertone that the media want to convey here to German readers is that the bank situation in Greece and Spain is deteriorating. The readers can make what they will of that but knowing this will impact German economic policy regarding bailouts and support for periphery governments and banking sectors.

Today and yesterday, Credit Writedowns highlighted the bank run problem in Spain. See TARGET...


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