Контекст:
The world economy has been exceptionally strong in recent years, and the euro area was due for a cyclical upturn. At some point the cycle will surely turn again. It is not hard, either, to make a strong case for further structural reform. The banking system remains fragmented, split among private, state-owned and co-operative institutions between which consolidation is difficult, if not impossible.

Ссылка:
http://www.economist.com/finance/PrinterFriendly.cfm?story_id=9469031

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