My Orchids. Cattleya Brassavola nodos. "Dama de la noche". Photo ET
Luxembourg's number of Monetary Financial Institutions
was decreasing in 2013
Over the year 2013 the Eurozone lost 269 monetary financial
institutions (MFI), down to 6,790.
Luxembourg lost 70 according to the ECB.
Since 1999, the Eurozone lost 31% or 3,066 institutions,
despite a succession of new members.
Total EU decrease in 2013 was 330 institutions, down to
8,746 MFIs.
Since 1999, the EU lost 2,163 MFIs, despite the addition of
1,608 MFIs from new member states.
If the number of institutions is shrinking, are there some
getting bigger and bigger and too big to fail?
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