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Fekter Appeals on Banks to Prevent Credit Crunch
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Published: October 5, 2012; 15:47 ♦ (Vindobona)
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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…
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