How?

We know that the financial sector can be a risks to us all. The solutions to prevent another crisis are obvious. Banks must:
- raise their equity levels
- separate their core activities from risky activities

These crucial reforms are delayed by huge interests. But together we can break the deadlock. This is how:

1. Say YES

By saying YES! you give your imperative mandate to implement these solutions, now! If we do this with millions of Europeans together, politicians and businesses will be forced into action. They will do as #WETHEMILLIONS instruct. Because, after all, they depend on our loyalty - as voters and consumers.

YES

2. share

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3. get involved

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In depth

The solutions to prevent another financial crisis are easy to understand - even if you are not an expert.

Equity is the total of a bank's possessions, minus its debts. Current equity levels of banks are around 3,5 %. This means that for every 100 euro banks use for their activities, they actually own only 3,5 euro. This is all they have to cover potential losses. Higher equity levels are crucial to ensure that banks can cover their own losses and do not have to be bailed out by tax payers.

Separating core activities from risky activities means that essential functions, like payments or loans to small and medium size businesses, will always remain safe and stable. Even if banks get into trouble with their risky activities.

In the video below, professor Boot (University of Amsterdam) says that the financial sector needs to get rid of the fallacy that mathematical models would legitimize low equity levels.

YES

152 people say YES
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YES