English 
28.10.2016 - Studies
Non-performing loans (NPL) in the Southern European countries have continued to grow relative to total loans since the great financial crisis.
The bulk of the NPL stock is in the corporate sector, and more specifically, in construction and real estate activities. But difficulties affect also other sectors. Sluggish economic growth, a low rate of innovation, a weak business environment, and the common monetary policy of the ECB are responsible for the weakness of banks.
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Agnieszka Gehringer
Senior Research Analyst
Agnieszka Gehringer joined the institute in 2015. She studied economics at the University of Rome “La Sapienza” and later earned a PhD in economics of complexity at the University of Turin. Since November 2019 she has been a professor of Economics at the Cologne University of Applied Sciences and since July 2016 a lecturer at the University of Göttingen. She has published several articles in academic journals and is an advisor to the EU.
All articles by Agnieszka Gehringer