The monkey’s trap | Weekend Long Read
MADRID | By Raimundo Poveda | We should be be more careful with transfers of sovereignty. The next one will be the transfer of the banking supervision to the ECB.
banking supervision
“There will be a surrender of sovereignty, but not quickly or emphatically enough”
By Tania Suárez, in Madrid | Intermoney chief economist José Carlos Díez considers that a monetary union with stability and credibility will not be possible unless there is a surrender of sovereignty. He adds that it is not only Germany the one that must be flexible in its position, but all member countries alike. Can be the Thursday-to-Friday summit considered as “the definitive” or will it result into a new…