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Average annual growth of gross financial assets and insurance & pension assets since 2007, in %; Source: Holzhausen, 2014, p. 3 

Average annual growth of gross financial assets and insurance & pension assets since 2007, in %; Source: Holzhausen, 2014, p. 3 

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The banking sector historically played the leading role in lending to the real sector in the EU. This tradition defines the magnitude of the banking sector and the development of non-banking sector. The transformations in the EU to strengthen the financial system identify particular attention to alternative sources of finance - insurance companies...

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