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Fekter Appeals on Banks to Prevent Credit Crunch

Published: October 5, 2012; 15:47 · (Vindobona)

Banks should be more creative in financing the real economy instead of creating new financial products, she says.

Fekter Appeals on Banks to Prevent Credit Crunch / Picture: © ÖVP Bundespartei / Jacob Glaser

At the Alpbach Financial Symposium 2012, Austria´s Minister of Finance Maria Fekter stressed the importance of business financing.

“I know that investment banking is more profitable than the lending business. But there must not be a credit crunch. Under no circumstances.”

In future, banks will be fully responsible for their investments, Fekter states. “If you are…

This article includes a total of 218 words.

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