European Banking Union

Brussels proposes a new European bond (SBBS)

The European Commission (EC) could announce this week the details of a new sovereign bond, which would allow for progress to be made in the financial and banking union. According to the EC, it would provide greater financial stability both for governments and European banks in the face of future hypothetical financial crises.


Tied hands

The long road towards creating a safe European asset

CaixaBank Research | The European Commission is looking at how the banks can have a more diversified portfolio of public debt securities. It is studying how to obtain a safe European asset without having to establish a tax union to back the issue of said asset.

 



The Spanish government leaves the idea of eurobonds

Spain’s Contribution To European Integration: Eurobonds Out, Deposit Guarantee Fund At Different Speeds In

The European Parliament on Wednesday backed eurobonds as a medium-term solution for stabilising the Eurozone. But the decision did not go down well with the Spanish government which has sent its own proposal to Brusssels, stating that eurobonds are not “strictly necessary” to “guarantee fiscal support for banking union” and therefore “are not the priority.”


Economic union In Europe: Merkel is dodging Macron

There Will Never Be Economic Union In Europe: Merkel Is Dodging Macron

It’s been some time since Europe has had a leader with such clear ideas as Emmanuel Macron, but Angela Merkel is not really happy about it. And that’s logical, because she has been calling all the shots. She has the power in Europe and so don’t expect even the slightest concession from her which is anything more than esthetic.




banking union

Fragile Banking Union: Many International Banks, Very Few Pan-European

The volume of  M&A in the European banking sector has gone from 39 billion euros in 2008 to scarcely 9.5 billion in 2015. And in the first half of last year, it was little over 1 billion euros. Why has there not been more consolidation in the sector? It’s an important question for the European authorities who want to promote banking union to answer.