Steps like those announced in Italy this week damage lending and the wider economy when recession may be on its way

  • CoffeeAddict@artemis.camp
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    1 year ago

    Right, and that’s another part of the problem; they most certainly won’t be saving the money for that purpose. I conjecture they will spend it as soon as they get it.

    And when shit inevitably hits the fan, the banks won’t have as much saved up as they may need which would further exacerbate a future financial crisis.