Since the US elections, the outlook for that country’s fiscal policy and trade policy has been uncertain. In the run-up to the elections in several European countries, the headlines are reflecting political uncertainty about the future attitude of Member States towards European integration.
11 There is also evidence, for example by Andrea Beltratti, from Bocconi University, and co-authors, suggesting that those banks that performed better prior to the crisis have also fared worst during the crisis. This seems to suggest that the more profitable strategy prior to the crisis, has also been the more riskier strategy.