To build financial resilience, we need to promote savings

This article is brought to you in association with the European Commission. Many people worldwide don’t have the ability to cope with a financial emergency such as a sudden loss of income or an unexpected expense. According to the Global Findex Database, 55% of adults in developing economies could reliably access emergency money in a one-month […]

Eurozone officials play with people’s deposits and minds

It seems that, some only theoretically serious decision-making political bodies, like the Eurogroup, collectively believe they can play with a haircut on bank deposits, as if it was a trivial matter. Unfortunately there is no other explanation. Institutions like the European Commission, the European Central Bank, the International Monetary Fund and of course the German […]