Zombie Banks Are Stalking Europe

FRANKFURT, Germany (AP) — The walking dead are gnawing at Europe's weak economy — zombie banks and zombie companies. Almost a decade after the financial crisis that ravaged the global economy, analysts and top officials are warning that too many banks in Europe are struggling financially, keeping them from lending to companies and fostering growth. Calls to fix the problem have come repeatedly from the International Monetary Fund, U.S. Treasury Secretary Jacob Lew, and European Central Bank chief Mario Draghi. They say something has to be done if Europe's economy is to gain more traction and bring down unemployment.