Britain Germany Citi Target Britain Germany

A banking crisis isn’t just bad for business, it can also poison politics

Reading now: 326

Financial crises are a really bad idea. We learned that in the UK with the 2008 banking crisis. It doubled our national debt and was followed by a decade of lost earnings growth.

But banks going under contributes to grim politics, too.That’s the lesson from some economic and political history contained in new Bank for International Settlements’ research.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News