Tag: banking system

• Friday, October 2nd 2020 - 09:09 UTC

  Consumers' debts threaten the Peruvian banking system

  

  Peru's economy could plummet by more than 20% if unpaid consumer debts continue to mount, a scenario the government hopes to stave off with an emergency plan to reschedule troubled loans with state guarantees, the government said on Thursday.

• Monday, May 20th 2019 - 09:15 UTC

  German government advisor fears another European financial crisis: points to Italy

  

  A senior adviser to the German government fears another European financial crisis could be brewing. Dr. Lars Feld, one of the German Council of Economic Experts, was one of the first last year to warn of a slowdown in Europe's largest economy.