Without a banking union, EMU makes no sense

MADRID | By Julia Pastor | Financial integration that will result from the European banking union will definitely help to reduce systemic risks and simplify an industry that deeply questioned during the crisis. Strengthening capital standards, as established in the Basel III framework, as well rethinking the role of the once ‘too big to fail’ entities are some of the regulatory changes, Governor of the Bank of Spain, Pablo Linde, explained in Madrid on Thursday.

European Union

EMU banking : well-behaved vs rogue systems?

MADRID | By Luis Martí | The European banking union project received a remarkable boost last December, even if a major chapter, the bank resolution fund, had to conform to German requirements and stay on a national basis. This part of the agreement is a moot point, and Southern countries should have raised their voices and taken a firm stand against, as Münchau also wrote, no matter the delay inflicted to the working agenda of the eurogroup.

The EMU still needs fixing

MADRID | The Summit has just avoided the worst from happening. Super-Mario and an unexpectedly bold Mariano Rajoy achieved a coup d’état toppling Ms Merkel from her…

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Euro zone PMI in April at mid-2009 levels

The Purchasing Managers Index provides one of the most reliable hints about a country’s GDP behaviour, so isn’t difficult to agree with all observers that April’s relapse…