Is it Time for European Banks to Shine? w/ Seamus Murphy
Real Vision: Finance & Investing
00:00
The Eurozone's Social Issues
French corporate credit has gone from 100% of GDP back in pre GFC to 160 today. And that isn't obvious German credit is up, but not significantly. So therefore, French, the French have basically run a more levered model. You can even see that somewhat a little bit in the differential. We've tried to focus on banks where there has been limited credit creation over the last decade. If you haven't created much credit, then obviously you're less sensitive to a rising rate cycle.
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