Andreas Dombret: Under pressure – is consolidation the solution for Europe's banking sector? Speech by Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, at the Conference "Doing M&A Deals around the World", Frankfurt am Main, 13 October 2016.
Upside and downside risks to the Bank’s baseline scenario regarding economic activity are (1) developments in overseas economies, (2) the effects of the consumption tax hike, (3) firms’ and households’ medium- to long-term growth expectations, and (4) fiscal sustainability in the medium to long term.