Sinn, Hans-Werner, (2013), “Saving Europe’s Real Hegemon”, www.project-syndicate.org, 28 Αυγούστου.
Last June, the European Commission announced its about-face on bank restructuring. The money for recapitalizing distressed banks would now come primarily from creditors, not European taxpayers, with a pecking order to specify which lenders would be repaid first. All of this is welcome, at least in principle. In practice, however, the scheme leaves much to be desired.