So far Europe’s banks have made far less provision for losses than a model would predict based on severity of 2020 shock. @ecb is worried that there is more to come especially if gov support is pulled away. Growth outlook is increasingly grim.
ecb.europa.eu/pub/financial-… https://t.co/ME4padEouf
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…