Ask any banker how they view the global economy, and their response will almost certainly in some way relate to the eurozone. While a year ago there was a sense that the global economy was recovering from the 2008 financial crisis, recent events in Europe have cast uncertainty over the prospects for global growth.
Clients of transaction banks, wherever they are in the world, are not immune to events in Europe and many have resorted to a wait-and-see mode, preferring not to make any key strategic or investment decisions in such an uncertain environment. In these testing times, however, there are opportunities for transaction banks to cement client relationships, by helping them work through the implications that events in the wider economy will have on their business.
