Eckhard Hein, leader of WP3 – Causes and consequences of the financial crisis, was interviewed by the Horizon Magazine, the research and innovation magazine of the European Commission. As a result, an article was published in January 2017 as part of the magazine’s monthly focus on the Future of Finance.
“We should go for banking that is targeted to the requirements of the small- and medium-scale businesses and to the requirements of households at a local or regional level. We should avoid big banks, in particular we should avoid too big to fail banks, and if we have them we should nationalise or socialise them. It’s about going for diversity, for small-scale banking, to make banking boring again, as it was in the 50s and 60s.”
Read the article here.