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What lies ahead are further cuts, austerity measures, more bailouts, because it won't be able to repay the loans, endless misery and recession.
Consumers' seemingly endless appetite for loans and credit products has propelled results of the big credit agencies in recent years.
The biggest banks are tied together through an endless series of loans, bets, side bets and even bets on whether each other's financial products -- investments that they don't even own -- will succeed or fail.
Borrowers end up paying endless interest on a loan that never goes away.
Everyone, it seemed, was talking about how small loans could unlock endless opportunities for the world's poorest people.
Student loans have prompted endless demonstrations since they have been used to cover tuition fees, introduced in 1998, alongside living expenses.
The variations of what people use these loans for are endless but most microfinance groups report whole villages being rejuvenated by an infusion of small amounts of capital.
The Chagall exhibits and Vrubel's stunning Demon pictures - the main reasons you would visit this museum - had all disappeared 'on loan' and an endless selection of appalling portraits by obscure modern artists in hall after hall had appeared in their place.
"Unless deflation is prevented, the disposal of bad loans will be an endless pain".
Endless gloomy analysis of non-performing loans has given way to giddy speculation about takeovers: this week Singapore's United Overseas Bank UOBB) looked set to buy most of Bank of Asia, Thailand's ninth-biggest bank.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com