Banking and financial sector is crucial for economic growth, job creation and competitiveness of economic systems as a whole, also giving pivotal support to innovation and relaunch of productive investments.
This is particularly true considering the European Union. Here, on average, banking system accounts for over 70% of lending to the economy (a percentage more than double compared to the United States) .
In this context, we believe that regulation of banking and financial sector plays a central role in allowing the achievement of growth and competitiveness objectives by the European Union.
Goal: 480 billion more in credit
Il Sole 24 Ore, April 7, 2017 (by Maximilian Cellino)