On the bright side, the average ratio of NPLs on European banks’ balance sheets is about one-third down on the 2014 figure. However, there are two caveats. First, we are coming from the very high levels in the years after the financial crisis. When we compare the current ratio with the lower pre-crisis levels, there is still a long way to go.
More recently the meetings of the IMF and World Bank in Washington and Prague during April and September 2000 were also the focus of protests against globalisation and the debt burden of some developing countries. Despite these demonstrations, global economic integration today is greater than it has ever been and is likely to become even stronger in the coming years. 2.