The only good news is that some progress on repairing balance sheets is being made. U.S. banks have substantially increased their capital (common equity to total assets is up by more than 25 per cent).
Welcome address by Bank of Greece Governor Yannis Stournaras at a formal dinner in honour of Jean-Claude Juncker, former President of the European Commission and former Prime Minister of Luxembourg 18/05/2022 - Speeches on the occasion of his election as honorary member of the Academy of Athens.