European leaders have been asked to focus on the role co-operative banks play in Europe’s economic recovery. Speaking on behalf of a group of co-operative sector experts, including a Cambridge academic as well as a former Italian prime minister, the president of Euricse Carlo Borzaga launched the appeal to EU heads of state and government, governing bodies and the European banking authorities.
He was speaking from the Euricse-ICA conference in Venice in mid-March entitled “Promoting the understanding of co-operatives for a better world”.
Borzaga appealed to these authorities that European banking policies begin to take into consideration the specific nature of co-operative banks, and local banks in general, in order to support Europe’s economic recovery.
The appeal is contained in a document which tackles the new regulations for the financial system in the EU, and was discussed at the conference by Borzaga, former Italian Prime Minister and ex-president of the European Commission Romano Prodi, University of Cambridge and London School of Economics professor Sir Partha Dasgupta and Alessandro Azzi, the president of Federcasse, the Italian federation of co-operative banks.
Source: ICA News