Europe’s banking union: Possible next steps on a bumpy path

Véron, Nicolas.

For many, Europe’s latest summit on 29 June effectively promised a banking union. This column praises the move but argues that this remains just a bare bones promise and the details are yet to be fleshed out. In the short term it calls for a temporary task force, akin to that used by the US for its auto industry in 2009, to help Europe’s failing banks.

Πηγή: Voxeu

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