Demertzis, Maria and Lehmann, Alexander (2017) Tackling Europe’s crisis legacy: a comprehensive strategy for bad loans and debt restructuring. Bruegel Policy Contribution Issue No. 11 2017. [Policy Paper]
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Official URL: http://bruegel.org/2017/04/tackling-europes-crisis...
Abstract
From the Executive Summary. Eight years after the start of Europe’s financial crisis, the legacy of non-performing loans and excessive private debt remains a key obstacle to the recovery of bank credit and investment. We argue that efforts to reduce and remove NPLs from the balance sheets of creditors must simultaneously remove excess debt from the balance sheets of debtors. This is the only way to ensure that bank balance sheets are restored to health sustainably, and that both supply and demand for new credit revive.
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| Item Type: | Policy Paper |
|---|---|
| Subjects for non-EU documents: | EU policies and themes > Policies & related activities > economic and financial affairs > banks/financial markets EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance |
| Subjects for EU documents: | UNSPECIFIED |
| EU Series and Periodicals: | UNSPECIFIED |
| EU Annual Reports: | UNSPECIFIED |
| Series: | Series > Bruegel (Brussels) > Policy Contributions |
| Depositing User: | Phil Wilkin |
| Official EU Document: | No |
| Language: | English |
| Date Deposited: | 26 Apr 2017 14:05 |
| Number of Pages: | 15 |
| Last Modified: | 26 Apr 2017 14:05 |
| URI: | http://aei.pitt.edu/id/eprint/86325 |
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