I’d say more like a one legged drunk with woodworm in his false leg.
- Better current account balances doesn’t mean the crisis is at an end
- Rates will stay low for an extended period
- High youth unemployment requires further structural reforms
- Banking union aims to create a unified European capital market that will make funding easier for companies
- Single database for SME credit worthiness could reduce transaction costs for investors and companies
Yves Mersch speaking in Munich.
