Chartbook β’ 2174 implied HN points β’ 20 Jan 24
- The Eurozone faced its first profound crisis triggered by Europe's banks, not public debt, during the North Atlantic credit boom.
- The financial crisis revealed institutional deficits in the Eurozone, showing the deep connection between state and business interests.
- Despite efforts at recovery, European banks still struggle to match the profitability and success of their American counterparts, raising concerns about the future of banking in the Eurozone.