In the financial world, debt is king. And, with an ever increasing financialization of many aspects of our lives, debt is becoming more, not less, important. The increasing importance of debt, of course, makes it a connecting point with economic growth. In this line of thought, one can reasonably ask – Could non-performing loans in Europe be the next trigger behind a global financial meltdown? Loans that Don’t Get Paid Back (Non-Performing Loans) Presuming that the influence of debt isn’t going away, here’s a look at countries where banks have at 6.6% of their total loan balances classified as non-performing….
Could Non-Performing Loans Be The Next Trigger?
Harrison Roger
Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.