Tuesday

27th Feb 2024

Ticker

European banks sit on €1 trillion of bad loans

European banks had bad loans on their books worth the hardly imaginable sum of €1,050 billion by the end of 2011, Pricewaterhouse Coopers (PwC) calculations presented in Frankfurt on Wednesday showed. Liabilities not repaid on time was almost nine percent larger than in 2010, PwC said.

Read and decide

Join EUobserver today

Get the EU news that really matters

Instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

Opinion

For Ukraine's sake, pass the EU due diligence directive

The EU Commission's 2022 CSDDD proposal did not include provisions incorporating "conflict due diligence", they were added, after the Russian invasion, by the European Parliament and Council into the final directive text — for Ukraine's sake, vote for it.

Angry farmers block Brussels again, urge fix to 'unfair' prices

Following weeks of demonstrations across Europe, farmers returned to Brussels to protest over unfair competition in prices, as EU agriculture ministers met just a few metres away to discuss a response. The police used water cannon and tear gas.

Join EUobserver

EU news that matters

Join us