Eurozone banking union is deeply flawed

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Series Details 27.01.13
Publication Date 28/01/2013
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Rescue mechanism presents a very significant danger, write Hans-Werner Sinn and Harald Hau in this commentary feature. The writers are respectively president of the Ifo Institute and a professor of finance at the University of Geneva.
Related Links
ESO: Background information: Ministers agree deal on EU banking union http://www.europeansources.info/record/ministers-agree-deal-on-eu-banking-union/
European Commission: RAPID MEMO/12/416: Bank recovery and resolution proposal: Frequently Asked Questions http://europa.eu/rapid/press-release_MEMO-12-416_en.htm
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