Peters: EU quickly has to become able to act now – drive forward banks’ role in climate protection

27 May 2019

“The high election turnout is pleasing – now we need a clear course quickly. The majorities taking shape won’t make this any easier,” said Hans-Walter Peters, the Association of German Banks’ president, commenting on the outcome of the European elections. “What is clear is that we need more Europe and not less. We need EU institutions quickly that can act. With this in mind, all constructive European forces must jointly tackle the pressing issues. Europe’s citizens, and particularly Germans, have also given the new parliament a clear mandate for action on climate protection. For this, market incentive systems should be developed, and in the banking sector we want to play our part here.”

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