Single market needs individual responsib • Table.Briefings

By Marija Kolak and Ulrich Reuter

Marija Kolak is President of the Federal Association of German Cooperative Banks; Ulrich Reuter is President of the German Savings Banks and Giro Association.

The savings banks and cooperative banks support a European capital markets union. However, the institutions do not want to be liable for the risky business activities of major international banks, according to the heads of their associations.

The digital and sustainable transformation, the necessary renewal of public infrastructure, and the strengthening of European sovereignty will lead to a considerable need for funding in the coming years. Europe has a lot of catching up to do to make itself fit for the future.

Single market needs individual responsibility

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