None of this seems correct.
Europe has more than a few multi-national, global banks.
Also, my own pension is invested in the stock market. That's the norm for employer-provided pensions.
Europe has more than a few multi-national, global banks.
Also, my own pension is invested in the stock market. That's the norm for employer-provided pensions.
“Banks cannot use deposits in one country to lend in another, because national regulators do not want to be on the hook for loans to improvident foreigners. An eu-wide deposit-guarantee scheme would allay that fear, but has yet to be agreed.”
https://www.economist.com/briefing/2019/01/05/the-euro-enter...