(There) probably would be a completely paralyzed banking system (after Grexit). Holger Schmieding More Quotes by Holger Schmieding More Quotes From Holger Schmieding The two [ states ] had very different official culture, [ with ] The East very much encouraging women to work. Holger Schmieding top-news You might not like the teachers because they were ideologues... but at least there was somebody to take care of your very, very young kid. Holger Schmieding top-news What we are seeing is the service sector holding up comfortably well while the industrial slump has got more room to run and even possibly deepen, this data is not going make recessionary concerns worse, but it also won't make them vanish anytime soon. We are still far away from any stabilization and it could possibly drag on till we see at least a partial trade deal between the U.S. and China. Holger Schmieding company-news That is actually good news because the immediate challenge for Italy is to come up with a 2020 budget by mid-October, now the 5-Star and Democratic Party (PD) could possibly broker a compromise with the EU which would reduce uncertainty. Holger Schmieding company-news