And supporting mobility also includes removing barriers to interprovincial trade. Finally, let’s not forget that the competitiveness of Canadian businesses is at the foundation of a robust job market. The tax changes made by the federal government last autumn are a positive step in this regard and should lead to more investment in capacity and productivity.
Between 2008 and 2013 the state provided some € billion in support to the German financial sector, in the form of capital injections (around € billion) and relief on assets (around € billion). 6 State guarantees were of a similar magnitude. Roughly 40% – or € billion – of the capital increase can be attributed to the Landesbanken.