Rapid cuts in fiscal support make sense if, and only if, monetary policy can be effective on its own and expanding the interest-elastic parts of the economy is the best way to climb out of the hole, says Martin Wolf
In this week’s podcast: The latest EU initiative on bankers’ bonuses – what does this mean for those working in the sector? Also, with Q2 earnings being released shortly, we try and work out what they will suggest for the rest of the year. We take a look at the UK banks with divestments starting – we ask which banks are getting rid of what bits of their portfolios. And finally, we give you a quick update on the progress of stress testing European banks.
Presented by Patrick Jenkins, the FT’s banking editor with Sharlene Goff, retail banking correspondent, Sam Jones, hedge fund correspondent and Brooke Masters, chief regulations correspondent.
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