This week's second weekly-length post is just another review of the Price Waterhouse Coopers study that is big news in the German press. I have now seen the numbers in a bit more granular detail and I wanted to run through them for me because a few things need to be put in perspective. The interesting bit is that I haven't seen these numbers reported anywhere in the-English language press. Yet, they are all over the German-language press. My understanding is that this is because the study was one undertaken by the Frankfurt office of PwC.
If you recall, the headline number was 1.05 trillion euros of non-performing loans for the entire European banking sector. Apparently this includes European Union countries and non-EU countries like Russia as well. A number of the figures don't yet mak...
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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.