In an interview with Europolitics, Guillaume Prache urged European politicians and policy makers to act and make the long-term financing of the economy their real priority.
BETTER FINANCE’s Managing Director believes the reforms put in place after the financial crisis focused too much on “financial stability” in order to avoid the bankruptcy of major financial institutions and did far too little to protect investors and financial services’ users.
A better financing of the economy involve households. The European Commission was the first to admit that households are key to the better financing of the economy. In this light, it is crucial to encourage households to invest and offer a decent return on long-term savings. Shares are the most suitable product for this: “They were invented a long time ago and are simple, transparent and liquid”, said Mr Prache.
Please read the full interview here.