Subsidiarity and solidarity for development

Mutual banks, to be really such, must build up and promote economic as well as social capital, which rely on confidence, professional competence, enterpreneurship, and support for the less well-off. […] We believe that the Italian banking system, which has demonstrated an extraordinary resilience during this crisis, is a model of mutually complementary businesses. We believe that thanks to this complementarity, under the watchful eye of the Bank of Italy, which – among other things – has always considered political economy as a combination of history, analysis, and politics, and never as a mere technical matter, this model can continue to thrive in the context of communitarian liberalism and of the European civilisation.