or, eurocitizens to the rescue
What if a confederation of collective professional insurance institutions from various countries of the European Union decides to found a non-governmental-organization bank to manage its member`s investments and everyday transactions? With its seat in Luxembourg (or wherever) and branches in every EU country and beyond. This Public Benefit Foundation is the owner of the bank and must contribute all profit to the public coffers. Those managed by the European Parliament, not the national governments.
What if members of the collective insurance unions in these countries transfer their salary accounts to this bank and start preforming their banking business through their online accounts in this bank: Utilities, debit card everyday transactions, bills and acquisitions.
What if this bank -by obeying to the orders of its owner- reinvests the invested insurance capital of the member-unions, plus the active balance from accounts, as well as part of the profit from its own operations, in projects directly connected to the benefit of all citizens, under strict criteria for the ethics, social benefit targets and performance, environmental footprint and so on?
What if one of the main criteria for financing business projects with the insurance union capital would be the prospect of the establishment of autonomous spin-off public banking institutions in every member-state?
What if a group of citizens' initiatives tries to secure a dominant position in the banking market, by creating commercial entities which belong to the public and contribute their profits to the public coffers? Take over a major slice of total banking business (i.e. the commerce of money) under strict order to safeguard capital and deliver all profits and benefits to the common public budget.
Would such a situation mobilize the EU citizens who doubt the present arrangements in the Eurozone to use their financial leverage for the common good?
What if a confederation of collective professional insurance institutions from various countries of the European Union decides to found a non-governmental-organization bank to manage its member`s investments and everyday transactions? With its seat in Luxembourg (or wherever) and branches in every EU country and beyond. This Public Benefit Foundation is the owner of the bank and must contribute all profit to the public coffers. Those managed by the European Parliament, not the national governments.
What if members of the collective insurance unions in these countries transfer their salary accounts to this bank and start preforming their banking business through their online accounts in this bank: Utilities, debit card everyday transactions, bills and acquisitions.
What if this bank -by obeying to the orders of its owner- reinvests the invested insurance capital of the member-unions, plus the active balance from accounts, as well as part of the profit from its own operations, in projects directly connected to the benefit of all citizens, under strict criteria for the ethics, social benefit targets and performance, environmental footprint and so on?
What if one of the main criteria for financing business projects with the insurance union capital would be the prospect of the establishment of autonomous spin-off public banking institutions in every member-state?
What if a group of citizens' initiatives tries to secure a dominant position in the banking market, by creating commercial entities which belong to the public and contribute their profits to the public coffers? Take over a major slice of total banking business (i.e. the commerce of money) under strict order to safeguard capital and deliver all profits and benefits to the common public budget.
Would such a situation mobilize the EU citizens who doubt the present arrangements in the Eurozone to use their financial leverage for the common good?
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