04.06.2012 - Danish housing crisis spells pain for banks, Moody’s says
Denmark’s housing crisis is set to deepen as private debt burdens remain high, property values sink and the job market struggles, Moody’s Investors Service said. “We see asset quality deteriorating among financial institutions and we expect those pressures to continue because of the operating environment,” Simon Harris, a London-based managing director at Moody’s, said in an interview. “Real estate prices are weakening” and “unemployment has risen and is at higher levels than a couple years ago.”..............................................Full Article: Source
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