And that means that an enormous amount of small businesses and entrepreneurs, only account of being perceived as more risky credit risks, are being denied fair access to bank credit.
And with that the European youth is being denied the job creation their parents got.
Europe, your pusillanimous nannying bank regulators are too dangerous… and you better wake up to that fact before its too late.
Your bank regulators are giving banks the incentives to keep away from financing the risky future and to stay making their profits by just refinancing the safer past.
Europe, I do not think your bank regulators are doing this to you on purpose. Otherwise they should be hauled in front of courts for committing crimes against humanity.