/biz/ - Business & Finance

>>54086310
>Was 08 really that bad?

Unemployment went up massively, especially in the PIIGS states in Europe. We are talking 30-50 percent youth unemployment. Germany used 1.5 trillion euros to bail Europe out and to this day the Target-2 balance is still an unpaid 1.2 trillion euros.

What remains is tough legislation and the question why in the world we have retail banks if 99.5% of all deposits are government insured. At this stage give everyone a gov account that pays the prevailing market interest rate and introduce an online bank account system. All banks should then stop taking deposits and just concentrate on lending / investment banking.