Companies reported 2.31% in bad debt losses in 2018 as a share of total revenues, an increase from 1.69% in 2017, according to a report from Swedish debt purchaser Intrum.
There is a sharp divide between northern and southern Europe. In Greece and Italy, recession is largely seen as a current actuality, with 93% and 84% of businesses respectively suggesting that it was imminent. In Austria, Germany and Denmark, these figures fell below 35%. "If you look on an average in the European financial institutions, we have around 4% in the latest statistics on non-performing loans," Ericson said.
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Ya think? Hello out there debt is a problem can't just do endless QE bond notes. $SPY aoc HouseDemocrats RandPaul