Dell’ Ariccia, Giovanni, Goyal, Rishi, Koeva-Brooks, Petya, Tressel, Thierry, (2013) “A banking union for the Eurozone”, www.voxeu.org , 5 Απριλίου.
The crisis has highlighted the need for, and difficulties with, a Eurozone banking union. This column argues that, to make a union, you need three crucial ingredients: common supervision, a single resolution mechanism, and common safety nets. The power to control and the resources to rescue must work in parallel. Eurozone leaders have taken the first critical steps, but further progress is needed to strengthen the financial architecture of the single currency.