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?
Sticking with the Banking Union
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Cross-Border Banking in the Balance -
The European Banking Union? -
Banking Disunion -
One Big Union -
A Banking Union Baby Step -
The Euro’s Latest Reprieve