Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

An incomplete step toward a banking union. CEPS Commentary, 5 July 2012

Gros, Daniel. (2012) An incomplete step toward a banking union. CEPS Commentary, 5 July 2012. [Policy Paper]

[img]
Preview
PDF - Published Version
Download (276Kb) | Preview

    Abstract

    In this Commentary, Daniel Gros applauds the decision taken by Europe’s leaders at the eurozone summit at the end of June to transfer responsibility for banking supervision in the eurozone to the European Central Bank. It represents explicit recognition of the important fact that problems might originate at the national level, but, owing to monetary union, they can quickly threaten the stability of the entire eurozone banking system. In his view, the next small, incremental step, although one not yet officially acknowledged, will necessarily be the creation of a common bank rescue fund.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > EU institutions & developments > European Central Bank
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on and consequences/reforms
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 09 Jul 2012 21:25
    Number of Pages: 2
    Last Modified: 09 Jul 2012 21:25
    URI: http://aei.pitt.edu/id/eprint/35787

    Actions (login required)

    View Item

    Document Downloads