Or, let me ask another question which is more important both for myself, and, I am firmly convinced, for the future of this country – why do people take these results “for granted,” as something which will be sustained of itself, regardless of how we behave? Why do they believe that we can keep on disregarding external and internal influences without bearing any consequences?
At present, the cross-border ownership of assets in the EU is still limited, despite the fact that the single currency in the euro area reduced some of the information barriers and transaction costs. Corporate financing through bond and equity markets is much more limited in Europe too, with banks being the undisputed primary source of funding for firms.