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$1 trillion bad loan mountain casts shadow over Europe

France has 160 billion euros, while Spain has 139 billion euros and Germany 69 billion euros

Reuters  |  Frankfurt 

German and French banks have together amassed almost 230 billion euros ($272 billion) of bad loans, according to regulators' data, underscoring the scale of a problem often linked solely to Italy that is now causing worry across the region. The tally puts the combined total of problem loans in the euro zone's largest economies, France and Germany, close to that of Italy's 260 billion euro bad debt pile. It lays bare the extent of the pan-European problem although it is far easier for banks in France and Germany to cope with because bad debts there account for a ...

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First Published: Fri, October 13 2017. 21:48 IST
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