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2015-11-02 — telegraph.co.uk
The eurozone lenders are sitting on bad loans totalling €826bn, down just €15bn from €841bn in November of last year... So far banks have "barely touched the tip of the iceberg," said Linklaters' Edward Chan. "It still means you don't have the banks as a credible engine for growth. It is a sick sector, having to nurse their own capital positions. You don't have any source of funding for growth, which if you look at wider eurozone picture is a bit depressing."
...
The European Central Bank has taken over much of the regulation of the biggest eurozone banks, which had led to expectations of more rapid action on banks' balance sheets. Linklaters' Andreas Steck believes the authority will soon get tougher on weak banks.
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