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The situation is probably more complex than that. If European banks were so risk averse, as you suggest, they probably wouldn't have imploded.
by rmc 14y ago
The situation is probably more complex than that. If European banks were so risk averse, as you suggest, they probably wouldn't have imploded.
- greghinch 14y agoI should probably have phrased it better, I meant risk averse to new businesses. The market problems in recent years you're referring to were internal to the long existing institutional establishments.