According to a new study, the European Central Bank’s quantitative easing program runs the risk of causing a property price bubble in several countries due to investors putting money into real estate. The report to by Moody’s Analytics says that the UK, Norway and Germany are most at risk due to continued low interest rates
Greek Banks Face up to Challenge of Selling State Property
June 24, 2011 by
Greek banks face a massive task as the country has promised to raise €35 billion through the sale of state property by 2015 to avoid defaulting on its debts. However the banks charged with the sale have a difficult job ahead. All in all, nine domestic banks are advising the government, and must examine each
Irish Banks Must Find $18.4 billion to Pay Real Estate Debt
March 31, 2011 by
Banks in Ireland are in a world of hurt, if a stress test performed by the Irish Central Bank is anywhere close to reality. According to the results, Irish banks may need at least $18.4 billion USD or 13 billion Euros to cover all of the debt from bad real estate deals. Last year the
