More than anything, such changes would need the support not only of policymakers but also of the general public. And on this point we need to be realistic. I cannot identify any willingness to do that at present – not in Germany or in any other country of the euro area.
CBSI however, subscribes to the philosophy behind the credit unions movement: that members working in cooperative spirit to encourage the habit of savings and educating them in the wise use of credit. The more educated credit unions  BIS Review 48/2008  1  members in the management of their money, the better it is for the financial sector and the economy.