Translation from an interview by Marcel de Boer & Martin Visser with Willem Buiter, chief economist at Citgroup:
Is Europe creating zombie banks?
These already exist. Most of the banks are zombie banks. There is little new lending to businesses and households. Zombie banks will not offer credit even on good projects — that is already evident on a large scale.
Full article (in Dutch) at ‘De meeste banken zijn zombiebanken’ | Het Financieele Dagblad.