cit. and de Grauwe, P. and F. Skudelny (2000): Inflation and Productivity Differentials in EMU, CES Discussion Paper Series 00.15. 6  BIS Review 33/2001
It’s not a case of good or bad, we are still in a transition phase. The most important thing is for the banking sector to adapt. I can understand the decision to use tax money to solve problems from the past. But the sector has to adapt and restructure.