2023-06-14
EU - Hundreds of thousands of evictions and people enchained to debt, while financial actors in tax havens as well as EU countries profit from a system that originally was created to stabilize banks. This is the result of an official EU policy on so called non-performing loans, that was adopted as a response to the global financial crisis.
The shadow financial system: making money with unpaid loans
To deal with the risk NPLs pose to the solvency of banks, EU forced them to sell the loans to private companies, and thus seemingly got rid of the problem. In fact, EU rolled the red carpet to opportunistic funds, who are making profit out of them on the expense of debtors. Our project, “Ghost debts: The shadow financial system making money with unpaid loans”, aims to reveal the mechanism of the system and shed light on shady companies, banks and mighty families profiting from it.
Mentor
Supported
€10,000 allocated on 03/03/2023.ID
ECB/2023/795Tags
ONLINE
- Cómo los fondos de inversión conquistaron Europa, El Salto, 24/05/2023.
- Μαζικοί πλειστηριασμοί: Ο 13ος άθλος του Ηρακλή, Reporters United, 14/06/2023.
- Debiti fantasma: come il sistema finanziario “ombra” guadagna dai mutui in sofferenza, IRPI Media, 14/06/2023.
- Geld machen, wo andere nicht mehr zahlen können, Der Tagesspiegel, 14/06/2023.
- Zu hohe Inkasso-Gebühren: Verbraucher klagen erfolgreich gegen Otto-Tochter EOS, Der Tagesspiegel, 14/06/2023.
- Les requins du recouvrement de crédit à l’assaut des emprunteurs français, Mediapart, 14/06/2023.
need resources for your own investigative story?
Journalismfund Europe's flexible grants programmes enable journalists to produce relevant public interest stories with a European mind-set from international, national, and regional perspectives.
support independent cross-border investigative journalism
We rely on your support to continue the work that we do. Make a gift of any amount today.
