A swift growth in loans and other debt assets outstrips growth of deposits. China’s ratio of private sector credit outstanding to standard commercial bank deposits rose to 117 per cent at the end of March from 84 per cent at the end of 2008, according to an FT analysis. Source: FT
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Speaking in an interview in the February issue of “Gold Investor” — a magazine issued by the World Gold Council, Greenspan argued that imbalances in the economic strength of eurozone nations make the continued function of the single currency area a major concern. Source: Business Insider
Le Pen’s promise to take France out of the euro zone might well devastate Russia’s economy and financial stability. Russia holds close to 40 percent of its foreign currency reserves in euros. President Vladimir Putin said his country is “not interested in the collapse of the euro zone.” Source: Bloomberg
Germany wants China to create a fairer business environment for foreign companies, especially German carmakers seeking to tap into Beijing’s drive for greener cars. German companies have long complained of obstacles to investment and acquiring local firms in China. Source: Reuters