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       Posted on June 5th, 2011

A torrent of mortgage defaults: A possible effect of the eurozone debt crisis

This ECRI Commentary takes a closer look at the mortgage situation of households in Portugal, Italy, Ireland, Greece and Spain – countries whose economic condition have been under the magnifying glass throughout the eurozone debt crisis. The credit markets in these countries have witnessed fast-paced development, with the credit extended to households having [...]


1 pages