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Extracts from the press conference by Vladimír Špidla on a new EU study which lifts lid on financial exclusion

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Millions of Europeans face an increased risk of social exclusion through a lack of access to basic financial services, according to a new study presented by the European Commission. It reveals that 2 in 10 adults in EU-15 and almost half in EU-10 (47%) do not have a bank account while many more have no savings and lack access to credit. The results of the study were discussed on 28 May 2008 at a high level conference in Brussels, bringing together the financial sector, consumer groups, public authorities and NGOs. The initiative follows the Single Market Review of November 2007, where the Commission announced its intention to ensure that, by a certain date, nobody is denied access to a basic bank account.
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Type: EbS   Reference: 57429   Date: 28/05/2008   Duration: 00:03:31
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