Europe must learn from Japan’s lost ten years?

Süddeutsche Zeitung said the country’s banking regulator, showing the estimated scale of write-offs would be more than €800bn ($1,061bn, £712bn), about a third of Germany’s annual gross domestic product. By comparison, the entire capital and reserves of its monetary and financial institutions were only €441.5bn in February. If the leaked number is true, it would mean the German financial system is broke.

欧州は財政規律が厳しいから、簡単には進まないのではないか。

source-ft

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28000-28550 up in the early session, down lately.