Posts

Politics as risk

2012 in Tokyo: at the annual meeting of the World Bank and the International Monetary Fund, the European debt crisis  (and risk) was the focus. ECB members sat on the podium. They defended the eurozone and spoke of the rescue of Greece with a correspondingly rigid austerity programme. And especially: keeping the state and the banks separate from each other.
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Why Austria needs a National Promotional Bank

Jean-Claude Juncker, President of the EU Commission has a plan: the “Juncker Investment Plan”. With the help of leverage effects this means that more that €300bn should have been pumped into the European economy by the end of the project. The plan is slowly starting to work – just not in Austria.
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