Banking Union: How stable are Europe’s banks?

Summary:

The euro crisis was, besides an economic and sovereign debt crisis, a full-blown banking crisis. The Banking Union was thus created precisely to break the vicious circle of ailing banks and weak government finances in the Eurozone. For the moment, it consists of a European banking supervision and a single resolution framework. But the project remains incomplete. How stable are Europe's banks almost eight years after the start of the euro crisis and what is in store for the Banking Union?

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