And judging by the current indicators, the euro area has a good chance of hitting that forecast. Furthermore, the inflation rate of 1.9 % is exactly where the ECB Governing Council wants it to be - below, but close to 2 %. Yet the latest surge in inflation can mainly be put down to the sharp upturn in energy prices.
If the non-performing specialist was a third party, the existing servicer could either transfer the servicing rights once a loan hits a certain delinquency trigger, or simply have the loans subserviced – of course with high levels of accountability – on a fee-for-services basis until the delinquency is resolved.