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Summary:
The European debt crisis in the early to mid 2010s brought to the fore the issue of household debt distress: in the countries affected, widespread over-indebdtedness resulted in serious financial and social challenges. The crisis was primarily a …
Read the full article at: https://www.imf.org/en/Publications/WP/Issues/2023/05/05/The-Right-Tool-for-the-Job-Mortgage-Distress-and-Personal-Insolvency-during-the-European-532619