Bad debt at European banks a blink test of capital rules and the resolve of governments (Premium)

Rising bad debt at European banks – particularly those in Portugal, Spain and Italy – has taken a prominent position in the spotlight in the wake of the Brexit vote. While high levels of non-performing loans in certain areas of Europe are not exactly news, fears over a general economic contraction in Europe are focusing new attention on the problem.
The real question is: what happens next?

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