Nov. 25 (Bloomberg) -- The European Banking Authority’s plans to make banks raise more capital isn’t helping economic growth, European Central Bank council member Yves Mersch said.
“It would be helpful if certain bank monitoring organizations such as the European EBA wouldn’t constantly push banks into a direction where they would be practically encouraged not to give any more money to the economies,” Mersch told Luxembourg radio 100.7 in an interview today.
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