Stefani Micossi, (2017), “A fresh approach to complete the banking union in the Eurozone”, VoxEU, 11 December
Negotiations on the banking union in the Eurozone have been stuck ever since the Italian government assembled a blocking minority opposing further discussions on proposals to reduce legacy risks in banks’ balance sheets. This column argues that completing the banking union should once again be given priority, and that the European deposit insurance scheme could move forward immediately by providing in its early phase that the ESM would offer a liquidity line to national deposit guaranty schemes that had exhausted their funds, with no sharing of losses.
Relevant Posts
- Nicolas Veron, (2017), «Sovereign Concentration Charges are the Key to Completing Europe’s Banking Union», Bruegel, 7 December
- Tobias Tesche, (2017), «Europe’s Banking Union: What progress has been made?», LSE EUROPP, 3 November