Press review: Bank bailouts
DebatingEurope.eu ask all EP-Groups: How would you ensure that banks won’t need bailouts again?
The Website DebatingEurope.eu DebatingEurope.eu ask all EP-Groups for theirs Ideas and requirements in the case of bank bailouts. DebatingEurope ask: "How would you ensure that banks won’t need bailouts again?". The economic politicians of all EP-Groups answer the question. Here the answer of Fabio De Masi:
I think one of the core issues is that we must seperate the casino banking from the prudent banking which serves financing, investments in the real economy. So banks that speculate should speculate with their own money, and we have to avoid that this has feedback loops into the core banking sector by seperation, and we must avoid that the taxpayer foots the bill.
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