“Tony Greenham: We need banks that focus on the real economy, individuals and small business, not speculation and remote investments…”
This article in the Guardian makes a lot of sense, but then again "going local" might be the new fashion in sustainability thinking but is not always without its problems and challenges too. What we ultimately will need is a fundamental reform of the role and functioning of ALL banks in society.
Interesting work on the need for new sustainable banking has been done by the New Economics Foundation. Read their “Good Banking” report from July 2011.
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