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<DIV dir=ltr><FONT size=2 face=Arial>----- Forwarded Message -----<BR><B><SPAN style="FONT-WEIGHT: bold">From:</SPAN></B> Daniel Hessel <dhessel@project-syndicate.org><BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> dharao4@yahoo.co.uk <BR><B><SPAN style="FONT-WEIGHT: bold">Sent:</SPAN></B> Monday, 29 October 2012, 16:28<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> Duly Noted: Sticking with the Banking Union<BR></FONT></DIV><BR>
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<div>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 <A href="https://go.madmimi.com/redirects/1351527481-f1dc0b25d1cfdf370d298f4b1ee2ec19-d78bdc6?pa=261592921255890856" rel=nofollow target=_blank>Focal Point</A>, <I>Project Syndicate</I> contributors consider whether that will be enough to bring long-term stability to the eurozone. Commentaries include:</div>
<div><A href="https://go.madmimi.com/redirects/1351527481-d067675fbc2f5280e8a6dc7d9fc05b79-d78bdc6?pa=261592921255890856" rel=nofollow target=_blank>European Commission President Jose Manuel Barroso on why a banking union is needed</A></div>
<div><A href="https://go.madmimi.com/redirects/1351527481-a8df23770b5046609c26fa9e1f25c4bb-d78bdc6?pa=261592921255890856" rel=nofollow target=_blank>Howard Davies on flaws in proposed banking union reform</A></div>
<div><A href="https://go.madmimi.com/redirects/1351527481-9299af8f3cf43d6af29dab16fc4448aa-d78bdc6?pa=261592921255890856" rel=nofollow target=_blank>George Soros on why Germany must lead or leave the eurozone</A></div>
<div><A href="https://go.madmimi.com/redirects/1351527481-615c3438fe37e4ee04c319945908215e-d78bdc6?pa=261592921255890856" rel=nofollow target=_blank>Former ECB President Jean-Claude Trichet on what makes the EU exceptional</A></div>
<div>To read the full Focal Point, click <A href="https://go.madmimi.com/redirects/1351527481-e1fb4213f45e1f28ee79f757eba65646-d78bdc6?pa=261592921255890856" rel=nofollow target=_blank>here</A>.</div>
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