In contrast to the recovery in most major regions of the world, the euro area remains conspicuously weak, although some recent developments suggest that a modest improvement is in prospect. (rba.gov.au)
According to a Reuters article, «the total stock of non-performing loans (NPL) in the EU is estimated at over $ 1 trillion, or 5.4 % of total loans, a ratio three times higher than in other major regions of the world.» (hardassetsalliance.com)
Now that negative leading indicator readings for these four major regions of the world are in place, stock market risks have climbed considerably. (hussman.net)