What does not change is the fact that banks are there for the sake of people – clients, owners and managers. Whenever some of the players, particularly those who lead and manage banks, underestimate CONFIDENCE, they arouse FEAR, which is a bad ally to banks and may wreak havoc in the financial system.
In line with the functionalist approach to European integration taken by Schuman and Monnet, the broader European vision was to be achieved by embarking upon economic integration first. In 1957, when the European Economic Community was established, its objective was to establish the free circulation of goods, services, capital and labour.