The North-South divide widens in banking policy, as Germany pushes for more aggressive offloading of Non-Performing Loans.
Non-performing Loans (NPLs) are especially high in economies with high levels of unemployment and small and medium-sized enterprises, which suffered disproportionately during the crisis. According to Luxembourg Wort, Germany is pushing for higher targets for the sale of NPLs by European lenders. The main argument is that NPLs prevent banks from lending, holding back growth....
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