Monday, July 28, 2014

Sticking with the Banking Union

Newsart for Sticking with the Banking Union

The eurozone's sovereign-debt crisis both reflects and reinforces a banking crisis, most glaringly in Spain, but also in Italy, Ireland, and Greece. By instituting a common regulatory framework, the European Commission's proposal for a eurozone-wide banking union aims to sever the link between public debt and banks' solvency. Will it be enough to bring long-term stability to the eurozone?

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