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German Socialists (SPD) plan election campaign against excesses in the banking sector
SPD program reproduced in Bild daily ~ "Banks and the financial sector: A minority harms the majority – and the whole country" [german], 21.07.2012SPD plans election campaign against excesses in the banking sector: Gabriel accuses banks of manipulation and blackmail
Socialist party leader Sigmar Gabriel plans a campaign against the excesses in the banking sector. As reported by the Bild newspaper, in a thesis paper Gabriel demands that "The Federal election 2013 must result in a decision to tame the bank and financial sector".Demand for [the creation of] a European insolvency regulation
As counter measure, Gabriel demands [the creation of] a European insolvency regulation under which banks can go bankrupt without entire national economies being pulled down in the process. Additionally he demands the breaking up of the large banks: The ordinary operation of banks must "legally and in the balance sheets be separated from investment banking". The Banking sector must be "downsized to a healthy magnitude". "Smaller banks with a sustainable business model" have to replace the big, uncontrollable banks of today.Gabriel: bank managers should become liable
Also necessary are a ban on high-speed trading and a better equity capitalization of banks. And according to Gabriel "in connection with finance scandals the liability of responsible bank managers has to encompass their private wealth". In view of the tax evasion towards Switzerland Gabriel demands that it be compulsory for the [german] Chief Federal Prosecutor to carry out criminal prosecution processes against foreign credit institutes and their employees.zurück <- | 1 2 3 4 5 | -> vor |