https://mishtalk.com/2017/07/28/over-1-trillion-nonperforming-eu-loans/
Over 1 trillion of non performing loans within the EU - far higher than even in the US or Japan.
We should not believe the often positive headlines of how Italy or Portugal is improving, since clearly things are quite bad.
But let's not despair, when the streets get bloody it will be a glorious time to invest, no?