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Crooked Banksters Worried About People Problem

Crooked Banksters Worried About People Problem
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Rise of Populism Tops Anxiety List at Frankfurt Banking Meeting - Bloomberg

The rise of populism in developed nations is tearing at the political fabric of Europe, unsettling markets and undermining growth prospects, top European bankers said in Frankfurt on Friday.

Weak economic growth in wide parts of Europe will likely continue to provide tailwind for populists, OECD chief economist Catherine Mann said at the conference. It's questionable "whether growth rates will be high enough for policy makers to deliver on the promises they're making to their citizens,'' Mann said.

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