James Franey on Christian Democratic Union of Germany

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Last quote by James Franey on Christian Democratic Union of Germany

However German Chancellor Angela Merkel has staked a lot of political capital on getting a deal on shadow banking – what's that? Basically financial institutions that lend in the same way that banks do, but operate outside the traditional banking regulations. So, the argument goes that we need to tighten up regulations on the shadow banks to avoid a repeat of the easy credit crisis of 2007/8. Now what we're hearing from EU officials is that there's likely to be little in the way of an agreement on that, all pointing towards a defeat for German Chancellor Angela Merkel.feedback
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Jan 01 2015
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Quotes by James Franey on Christian Democratic Union of Germany

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