In 2010 payments btw German states to compensate for regional differences amounted to fully 12.4% of Germany’s aggr… https://t.co/HElbk0dn7I
"Unlike businesses, central banks are designed to make money only in the most literal sense." Cracking opening line from Augustin
"Unlike businesses, central banks are designed to make money only in the most literal sense." Cracking opening line from Augustin Cartens @BIS_org op-ed in @FT