Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/173107
Authors: 
Demertzis, Maria
Lehmann, Alexander
Year of Publication: 
2017
Series/Report no.: 
Bruegel Policy Contribution No. 2017/11
Abstract: 
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. The 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.
Document Type: 
Research Report

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