Zombification is spreading through companies in the euro zone Zombification is spreading through companies in the euro zone On 24 September 2020, euro area banks raised an additional €175bn in the fifth round of the so-called Targeted Longer-Term Refinancing Operations (TLTROs). The stock of outstanding loans, most of which now have a maturity of three years, has jumped by €1,130bn since January to €1,700bn. The ceiling is currently set by the ECB at [...]
