It is true in relative terms of course, but a reduction in relative terms is assuredly not what most people think of  3  “Elderly pushed into poverty”, The Dominion, 31 March 1999. BIS Review 89/1999  4  when they talk about a reduction in a benefit.
Politics and social shifts, digital transformation and climate change, war and peace – they are all interconnected, and the financial sector plays a pivotal role in each. In a way, it is the heart of our world. And that heart has to beat an even rhythm. The good news is that European banks are stronger than they were in 2008.