The info contained on this publication has been compiled from publicly obtainable information released by the European Central Financial institution, European Commission, Eurostat, the European Banking Authority, national competent authorities and members of the European Banking Federation. The robust dependence of European economies on banks is further evident within the financing mix of non-financial corporations. For instance, in 2018, SMEs acquired 47% of their financing from bank loans and only 12% from equity (the latter being raised on the capital marketsas recognized in the SAFE report). The importance of financial institution financing is a selected characteristic of the financial institution-based European financial system and can be in contrast with economies which might be extra market-based. In the end, this distinction of market-primarily based and bank-primarily based economies signifies that these economies are affected otherwise by diverse developments. For instance, regulation that complicates the entry to credit will have a special affect in the EU than the US and vice versa.

My letter follows under. Clearly, the New World Order is a business and economic order. However it’s a business order that fleeced the American folks within the ponzi mortgage scheme. That is the issue with it. On the surface, the …