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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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.