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I second OP. Broadly I think the EU project are pushing back on the economy over politics paradigm given the general and endemic failure of credit cycle economi
by usgroup 10y ago
I second OP. Broadly I think the EU project are pushing back on the economy over politics paradigm given the general and endemic failure of credit cycle economics and the Brexit and migration meddley.
To your second point OP, over banking is a problem. If means more expensive banking operations which effects the whole of industry . Banking monopolies are the best of a set of bad options.
- yxhuvud 10y agoRegarding the second point, can you give an explanation of why you think that is the case? Normally more competition leads to lower prices. Why should banking be special?
- usgroup 10y agoBecause of the effect of aggregation on the price of transactions and operating profit. Have a read through the rationale for these merger ideas here to understand more : http://www.bloomberg.com/news/articles/2016-07-08/dare-to-dream-the-bank-mergers-that-could-help-fix-the-industry http://www.bloomberg.com/news/articles/2016-07-08/dare-to-dr...