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Competitiveness is a short-run attribute, not a long-run one.

The long-run one is viability as a going concern, which is not the same as "competitiveness".

Price wars are competitive but not viable.

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010

by Migeru (migeru at eurotrib dot com) on Thu Dec 23rd, 2010 at 02:59:33 AM EST
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