Unlocking Europe’s Growth Through Alternative Sources Of Financing
As Europe’s bank-centered financial model is being challenged, European authorities should create alternative sources of external finance to enhance its resilience and reliability of credit supply to the real economy, argues Goldman Sachs. Huw Pill and team at Goldman Sachs in their February 19, 2015 research report titled: “Unlocking Europe’s economic potential through financial markets” point out that the global financial crisis and the international regulatory response have challenged Europe’s bank-centered financial model. Bank-centered financial model may weigh on Europe’s growth The GS analysts note that the Euro area’s economic recovery from the global financial crisis remains anemic and has...
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