Pandemic will attract over a trillion dollars of bad loans in Europe


July 5, 2021 10:46 AM

Next year, Europe could see a wave of trillion dollar non-performing loans as a result of the economic crisis caused by the pandemic.

According to the authors, with the end of government support schemes and a debt moratorium this year, sales of bad loans by banks trying to clear their balance sheets will rise in 2022. report from the consulting firm JLL. IN European Central Bank said that in a serious but probable scenario, as much as € 1.4 trillion ($ 1.7 trillion) bad credit due to Covid-19.

“We really think this is …

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