Tightening of lending standards Interest-only loans had grown very strongly for a number of years in an environment of low mortgage rates and heightened competitive pressures among lenders. The share of housing credit on interest-only terms had increased steadily to almost 40 per cent by 2015 (Graph 1).
This is the current European response to a question which is not just European, but global, with the rapid integration of global finance and the global economy. Zeit: The scepticism felt by many people also has to do with their fear of inflation, which recently has risen sharply. Are we now paying the price for the crisis policy?