[P2P-F] Fw: Duly Noted: Sticking with the Banking Union

[robert searle]

----- Forwarded Message -----
From: Daniel Hessel <dhessel at project-syndicate.org>
To: dharao4 at yahoo.co.uk 
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.
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