Financial services such as savings products, credit and loans, payment and money transfer services, insurance, and many others, provide poor people with greater capacity to stabilise and even increase their incomes, build assets and cope with shocks. These financial products have proven to be great tools that mitigate the effects of low, irregular and unreliable incomes which keep many people below the poverty line.
To fulfil its role in the process, Europe is addressing its structural problems which have been holding back growth and at the same time it is ensuring that its banking sector contributes to global stability and growth.