What to do about Europe’s market fundamentalism:
embrace the European tradition of social banking and investing
Article
In this article, a revised version of a response to the European Commission’s 2013 Green Paper, Long-Term Financing of the European Economy, we argue that European thinking is trapped in a narrow conceptualization of financial markets, which hinders long-term sustainable development and an economy that should serve future generations. We then make a case for a hybrid banking system that will enable a freer and more sustainable European financial market.*
What to Do about Europe’s Market Fundamentalism: Embrace the European Tradition of Social Banking and Investing
Early in 2013, the European Commission published the Green Paper, Long-Term Financing of the European Economy. Although the general approach of the paper was positive, it demonstrated that European thinking is trapped in a narrow conceptualization of financial markets that is hindering long-term sustainable development. In our response, we argue for a hybrid banking system that will enable a freer and more sustainable European financial market.
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