Low interest rates and lacklustre profitability could spark consolidation in the German banking sector. Despite these challenges, the system remains well capitalised with low NPLs and the prospect of benefiting from Brexit, as Kit Gillet reports.
The EU is riven by internal discord, driven by nationalism and social discontent in member states, and squeezed by external pressures such as the US' actions and associated trade wars. Former European Council president Herman van Rompuy makes a plea for unity.