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Things worth reading, the European view (4)

This week's view from Europe, courtesy of Edith Rigler :

No more cash in Sweden! Wirtschaftswoche, 11 April 2012

As the first country in Europe introducing paper notes in 1661, Sweden may now become the first to abolish cash. Digital payment methods such as smartphone and credit cards are supposed to replace cash – which is hardly used any more anyway.

The biggest stock market losers 2011 Spiegel, 11 April 2012

The list of 50 firms which were the biggest stock market losers in 2011 no longer includes Deutsche Bank. However, Commerzbank continues to be among the losers, now even among the top ten.  

“Germany is a nation of grumblers”, says SAP Co-Founder Hasso PlattnerSpiegel, 29 March 2012

Although Germany is in outstanding economic shape, exports are booming and full employment  seems just around the corner, Plattner claims German entrepreneurs simply don't start thinking globally early enough.

Progress in gender equality leads to economic growthEuropean Commission, 16 April 2012

EU countries need to get more women into the labour market if they are to meet the EU's overall objective of 75% employment rate for all adults by 2020. Studies have shown that gender diversity pays off and companies with higher percentages of women on corporate boards perform better than those with all-male boards.

EU fight against money-laundering and terrorist financingEuropean Commission, 11 April 2012

In its report examining the provisions of the Third Anti-Money Laundering Directive, the EU Commission concludes that although the existing framework appears to work well some modifications are necessary to adapt to the evolving threats. The Commission has also published a Q&A document.

“Keep it simple” is the motto of Erste Bank  Die Bank, April 2012

In this interview Andreas Treichl, chairman of the Board of Erste Group Bank AG, one of the largest retail banks in Central and Eastern Europe, explains his strategy of keeping products simple and understandable and resisting the attractions of investment banking.



About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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