France: Savers like social financial products

According to a survey promoted by the Finansol network, 40% of French citizens might invest in social and solidarity labellised systems. Created in 1995, Finansol has become nowadays the main french network for solidarity financial institutions. The implementation of a label offering reliable and up-to-date information about its financial ethical funds and their managers, called ” label Finansol “, has created the conditions to develop a truly social market economy. Like in other European countries, a French citizen today could select through his/her bank a financial product (saving accounts, current accounts, mutual funds, bonds, …) labellised Finansol. Recent awareness campaigns on social and solidarity finance systems have increased the attractivity of this sector which is supported by an incentive legislative framework. More than two thirds of the French savers look at labels before investing in financial products. But a big question remains : how to reach a critical mass at the European level to influence major strategical policies ? www.finansol.org