The message behind the Target balances
Comment of the Day

March 05 2019

Commentary by Eoin Treacy

The message behind the Target balances

Thanks to a subscriber for this note from Commerzbank which may be of interest. Here is a section:

Eoin Treacy's view

If the European Commission’s preference for a Eurozone suitor for Deutsche Bank rather than a domestic merger candidate is any guide, we can conclude that the Eurozone bureaucracy continues to favour a continued drive towards cohesion and banking union. In fact, if we simply look at the measures which have been taken rather than the bluster of the media, nothing has happened to change the direction of policy in the EU towards further cohesion.

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