In this vein, all stakeholders (credit bureaus, lenders, borrowers, consumers) may be obliged to use the same set of indicators and harmonized definitions which, eventually, will allow for a panEuropean comparison of the levels of indebtedness levels. Having said that, our problems will not disappear automatically with an integrated pan-European Database.
Anything substantially higher is either too risky to be worthwhile or fraud. As they say, ‘if something sounds too good to be true, it probably is too good to be true’.