Europe’s Banking Union: Possible Next Steps on a Bumpy Path
Posted on July 06, 2012 at 09:37 AM EDT
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 [...]