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German Banks on Top

Zingales, Luigi, (2013), “German Banks on Top”, www.project-syndicate.org, 18 Ιουλίου.

Overcoming the European Union’s current economic malaise, as almost everyone acknowledges, requires deeper integration, with the first step taking the form of a banking union supervised by the European Central Bank. But Europe’s banking union also requires uniform rules for winding up insolvent financial institutions – and this has become a sticking point.