Memo: A comprehensive EU response to the financial crisis: substantial progress towards a strong financial framework for Europe and a banking union for the eurozone

On 17 December 2013, the European Commission published a memo on the latest developments of the EU's response to the financial crisis.

This memo sets out what has been done so far to create a robust financial framework for all 28 Member States and where the EU stands in building the banking union. The banking union is specifically for countries which share the euro, although it is also open to all non-euro EU Member States who want to join.

• Primary Source

ESO: Background information: Commissioner Barnier welcomes trilogue agreement on the framework for bank recovery and resolution / EU strikes deal on resolution mechanism for failed banks http://www.europeansources.info/record/memo-commissioner-barnier-welcomes-trilogue-agreement-on-the-framework-for-bank-recovery-and-resolution-eu-strikes-deal-on-resolution-mechanism-for-failed-banks/

ESO: Background information: Commissioner Barnier welcomes agreement between the European Parliament and Member States on Deposit Guarantee Schemes http://www.europeansources.info/record/memo-commissioner-barnier-welcomes-agreement-between-the-european-parliament-and-member-states-on-deposit-guarantee-schemes/

Les Echos, 18.12.13: Paris and Berlin press on with banking union (via Euro|Topics) http://www.eurotopics.net/en/home/presseschau/archiv/aehnliche/archiv_article/ARTICLE135481-Paris-and-Berlin-press-on-with-banking-union

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