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Eurozone, 474 fewer banks in 2012

The crisis of the financial system caused, in 2012 alone, the disappearance of almost 500 banks in the euro area (-6% compared to 2011): this is revealed by the data published by the ECB – Only in Italy 55 institutions less.

Eurozone, 474 fewer banks in 2012

It will be for the crisis and for a banking system to be rethought, as requested by many (and in France they are already doing so), but financial institutions continue to decrease significantly in Europe: -6% compared to 2011, according to data published by the ECB itself.

In total, the eurozone had 7.059 banks as of 1 January 2013, i.e. 474 fewer than on the same date in 2012: as a percentage, the collapse was particularly evident in Slovakia (-30%), Luxembourg (-22%), France (-9%), Spain and Finland (-8% for both).

As for the number of closed institutes, on the other hand, Luxembourg alone lost 124, followed by France (-105), which in fact is accelerating the Hollande reform, and byItaly, which now has 55 less.

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