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A Solution for Europe’s Banking Problem (Posen A. S., Veron N.)

Financial Crises Stability&Soundness

Abstract

Nicolas Veron and Adam Posen believe Europe should build new long term European joint-action to face the likely high rising number of insolvent banks on the continent. The authors propose on the one hand, a centralised triage and restructuring process of bad European banks lead by a new temporary European Institution, a European Bank Support Authority (EBSA), and on the other hand, long-term EU Institutions dedicated to the completion of an integrated market.

External link Download
Libref/ Posen A. S., Veron N. (2009) “A Solution for Europe’s Banking Problem”, PIIE Working Paper № PB09–13, pp. 1-9
© Программирование — Александр Красильников, 2008
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