Serra: European Growth Can’t Come Back Without Banks

The video discusses the challenges faced by the European economy, focusing on market distortions, inflation, and the role of SMEs in job creation. It highlights the impact of low interest rates on bank profitability and the economy, emphasizing the need for balanced ECB policies to stimulate growth. The discussion also covers systemic risks and the importance of supporting the banking sector to ensure economic stability.

What are the implications of distorting the markets according to the speaker?

How does the speaker suggest that inflation can be targeted effectively?

What role do banks play in the European job market as mentioned in the text?

What are the potential consequences of negative interest rates on banks as discussed?

What does the speaker mean by saying the ECB is pushing the accelerator while pulling the handbrake?