Europe’s Necessary Union
The European Commission is busy drafting a proposal to create a European banking union, with the European Central Bank at the heart of a new system of integrated banking supervision, designed to help restore confidence in the euro. Such a mechanism is essential to ensuring confidence and financial stability.
https://prosyn.org/7uZ2Aa7
BRUSSELS – The consequences of Europe’s debt crisis are all too present throughout much of the European Union, as distressed economies attempt to stabilize and grow at the same time. Notwithstanding the important decisions taken over the last couple of years, the reality is that we need to do more to tackle the challenges facing the eurozone.