The COVID-19 pandemic burst in the midst of an already agitated geopolitical scenery punctuated by the fallout of Brexit and turbulent trade wars
EU institutions are encouraging the development of distressed debt markets, thereby meeting banks’ needs while opening up profit opportunities.
Distressed debts – also known as ‘non-performing loans’ – have been a key issue in Europe, especially in countries hit by austerity.
Creating fiscal space to write-off household debt will bring macroeconomic renewal and end the era of debt-dependent growth
While both countries have experienced comparatively strong growth, divergence on the current account ensures that the UK’s situation looks much […]