The Guardian (October 17)
2024/ 10/ 19 by jd in Global News
“Why is Germany shooting its own stagnating economy in the foot?” As Europe awakens to the need to increase competitiveness, Germany’s opposition to the merger of UniCredit and Commerzbank “smacks of pure protectionism.” The potential merger “makes obvious sense” from a commercial perspective and would not “normally elicit much interest.” From the broader “European perspective, a tie-up is clearly attractive too. Policymakers have long bemoaned that while Europe may have a single currency, it lacks a single financial system.”
