Economics and politics - comment and analysis

2016 will prove a critical year for the European banks. Part 2

The President of the German Savings Bank Association Georg Fahrenschon just submitted ‘a disastrous balance sheet’ to the European Central Bank (see here) and the German Finance Minister made his Parliamentary Secretary Jens Spahn declare that ‘Cheap money alone does not lead to more growth’ and that ‘we also need structural reforms.’ These structural reforms are of the type that Germany already implemented. …

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