It has been almost five years since the financial crisis hit Europe, and still, the European banking system remains dominated by a handful of too-big-to-fail universal banks so huge that their failure would threaten whole economies. Avoiding a collapse of such a banking system came at a huge cost for tax payers: in total, European nations have spent EUR 1,300 billion in state aids and guarantees since 2008, an amount that does not include all the side-effects of the financial crisis on both the economy and society. Time to change it: finance-watch.org/
Posted on: Sat, 29 Jun 2013 11:25:02 +0000
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