----- Forwarded Message ----- From: Daniel Hessel <[email protected]> To: [email protected] Sent: Monday, 29 October 2012, 16:28 Subject: Duly Noted: Sticking with the Banking Union The eurozone's sovereign-debt crisis both reflects and reinforces a banking crisis, most glaringly in Spain, but also in Italy, Ireland, and Greece. The European Commission's plan for a eurozone-wide banking union aims to sever the link between public debt and banks' solvency by instituting a common regulatory framework. In a new Focal Point, Project Syndicate contributors consider whether that will be enough to bring long-term stability to the eurozone. Commentaries include: European Commission President Jose Manuel Barroso on why a banking union is needed Howard Davies on flaws in proposed banking union reform George Soros on why Germany must lead or leave the eurozone Former ECB President Jean-Claude Trichet on what makes the EU exceptional To read the full Focal Point, click here. Unsubscribe instantly from these emails by clicking here.