The European Union still refuses to confront the coronavirus crisis

ONE measure of the stability of the capitalist system is the profitability of its banks. This is so important a priority for our ruling class that it rescued them with unimaginable mountains of cash — our cash — in the fallout from the 2008 financial crisis.

Even so banks remains a weak link. For banks across the Eurozone, according to figures from the European Central Bank, the average return on equity fell over the past year from 6.2 per cent to 5.2 per cent. 

In the...
source: Morning Star Online

2020-04-08 20:29
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