News

New issue of economic monitoring

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After a year of deep recession, the banking sector has finally begun to slowly revive. But the system still faces serious problems, mostly due to the newly-nationalized banks. The institutions already received state support which could be enough to recover the entire banking sector. However, no results have been observed so far. The losing-money institutions are an important mechanism for bleeding the budget. Obviously, there is no political will among decision-makers to destroy this “lucrative” mechanism. More about nationalized banks you can read in our new report “Feasting on Bankrupt Banks”. The full report could be obtained through subscription at Global Source (www.globalsourcepartners.com). Trial access is available.

Summary of Economic Overview

August 12, 2010