IMF: „Banks and Companies in a Vicious Circle“

Politics ♦ Published: October 11, 2013; 20:32 ♦ (Vindobona)

Not only Greece, Spain or Portugal are struggling with a financially stricken banking sector. In Southeastern Europe, the situation is quite similar.

IMF: „Banks and Companies in a Vicious Circle“ / Picture: © Vindobona.org

The IMF warns of a vicious circle in Europe. Particularly in Southern and Southeastern Europe, the banking sector suffers from a high level of non-performing loans.

In some countries of Southeastern Europe, there is a similar pattern. In the boom period from 1998 to 2008, Croatia and Slovenia did not improve the competiveness of its industry. By contrast, the countries have…

or Log In

Fast News Search
Related News
Southeastern Europe: Property Market Clashes (October 10, 2013)
Bratusek: “We Are Paying for Your Debts” (October 9, 2013)
Croatia: Domestic Consumption Remains Weak (October 5, 2013)
CESEE: Recovery Slow, but Stable (October 4, 2013)
Croatia Tries to Avoid Bail-Out by IMF (October 1, 2013)
Read More
Slovenia, IMF International Monetary Fund, Croatia, Portugal, Spain, Greece, ESM, ECB European Central Bank, Fiscal Policy, Capital Markets, Banking Industry, Lending, Real Estate Industry, Property Market, NPL Non Performing Loans, Industrial Sector, Tourism Industry, Consumption
Featured
See latest Vindobona Newsletter