The new Rutte cabinet took up office on 14 October, and has since announced an agenda of severe cost cutting. Most of the savings will involve government (€ 6.1 bn), social security (€ 4.3 bn) and international cooperation (€ 1.9 bn).
The United Nations has declared 2012 the International Year of Cooperatives. Therefore the European cooperative banks are the focus in this study. What are these banks’ key characteristics? And how are they performing in these turbulent times?