notes that general economic stagnation and the record-high levels of liquid assets held by non-financial corporations in the euro area (in part due to decades of wage compression), which reduce reliance on and demand for loans by corporations, are significant factors in the chronically low level of bank profitability;
ugotavlja, da so splošna gospodarska stagnacija in rekordno visoke ravni likvidnih sredstev, ki jih imajo nefinančne korporacije v euroobmočju (delno zaradi kompresije plač, ki se izvaja več desetletij) in zaradi katerih se zmanjšujeta zanašanje na posojila korporacijam in povpraševanje korporacij po posojilih, bistveni dejavniki pri kronično nizki stopnji donosnosti bank;