I am talking about the idea that more credit and financial activity lead directly to economic growth. According to this plain idea, leverage and liquidity in banks lead to more lending, which in turn fuels investment, which then leads to more growth and economic development. In that spirit, some are, again, arguing that what the economy needs is less regulation and more lending.
With the next meeting of EU heads of state or government fast approaching, it doesn’t look like solutions to a number of quite fundamental issues concerning the future partnership will be found any time soon. The border with Northern Ireland is just one of these sensitive topics.