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:

To read the full Focal Point, click here.

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