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The credit crunch and shrinking savings: how to break the vicious circle to kick-start recovery?

Conference - Brussels/EESC, Belgium

On Thursday 6 June 2013,Group III "Various Interests" of the EESC organised an extraordinary meeting to examine and debate issues related to Acess to credit by economic operators and to stimulating consumer savings. The Conference was organised in such a way as to provide a platform for dynamic dialogue between key actors from consumer, family and SME organisations along with traditional cooperatives and ethical financial institutions also with the participation of regulatory and supervisory bodies of the financial markets. The main aim was to come forward with proposals to suggest possible ways out of the current vicious circle that is preventing businesses from starting-up, operating and growing, and consumers from saving money securely and productively.