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Germany’s commercial real estate crisis could mean trouble for the country’s banks due to their high exposure to the sector.
ADVERTISEMENTEurope’s rapidly deteriorating commercial real estate crisis could potentially impact its banks as well.
Back in July 2023, European banks had about €1.4 trillion tied up in loans to the commercial property sector, according to the European Banking Authority (EBA).
Germany has been particularly hit, especially due to the country currently dealing with the deepest real-estate crisis in…