eurozone banking sector

When Will Greek Banks Operate as Credit Institutions Again?

ATHENS | By Jens Bastian via The Agora | Despite the successful recapitalisation process and continued restructuring of the Greek banking sector, the credit transmission mechanism towards the real economy remains severely impaired.  [Above graph sources: The Agora and Bank of Greece yearly data.]

Why European Banking Union May Fail (Varoufakis)

MADRID | By Luis Arroyo | Yanis Varoufakis is the most critical economist regarding the institutional failures of the monetary union. He considers that the European Banking Union will only benefit EU Northern countries, and adds that the basic principles of the euro zone have not been entirely followed.