Policy Brief
09/10/2014
The European citizens need a financial system that provides for their credit and payments-system needs without imposing costs from excessive volatility, recurrent crises and financial discrimination. Such a financial system will use productive finance to reduce inequality by levelling “up”. As things stand, the European financial system both reflects the effects of three decades of worsening inequality and operates in ways that deepen it. This policy brief proposes ten reforms aimed at breaking the inequality-finance cycle in Europe.
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“It’s a mistake to think we can go back to the old normal after Trump”. Interview with FEPS Secretary General László Andor in Telex (HU), where he discusses the global trade tensions triggered by Trump-era tariffs, the shifting US-China dynamic, and the need for the EU to develop a new strategic approach in a permanently changed world order.
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