"If the government is funding itself at 2 per cent, you know, how much are you going to pay savers if you want to lend money at a cheaper rate? People have the incentive to build a factory or open new stores. It is a trade-off."

Trade-Off

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Banker

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About Ana Patricia Botin

Ana Patricia Botin is a Spanish business executive and banker. She has served as executive chair of Banco Santander since 2014.

Born:

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