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ZPF: value of outstanding liabilities in Europe exceeds €1 trillion
21:42
According to European Banking Supervision (EBA), the value of unpaid financial liabilities (NPL) in Europe now exceeds €1 trillion, the Association of Financial Companies in Poland (ZPF) said. This is more than at the beginning of the financial crisis in 2008.
The European Central Bank has recently recognized the growing value of non-performing loans as the second-largest threat to the financial sector on the Old Continent after geopolitics.
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