MADRID | By JP Marin Arrese | Angela Merkel is now more powerful as chancellor than before, and the Euro-sceptics have lost their influence over the future of Germany’s and Europe’s issues. However, despite all the good intentions, it is more than likely that Banking Union and the European integration will be relegated to a mere supervisory exercise.
BERLIN | Via Presseurop | A deal on transparency regulations for the new supervisory watchdog, which will oversee operations at 150 of the Eurozone’s largest banks, reports EUobserver is submitted to vote at the Parliament today.
MADRID | By JP Marín Arrese | Depriving the ECB of the capacity to deal with ailing entities does undermine its authority as a supervisor in a Banking Union.
BARCELONA | CaixaBank research | The German proposal for an alternative Banking Union are destined to fail: mere cooperation between national authorities would not guarantee that decisions are taken in the interest of Europe’s financial system as a whole.
BRUSSELS/MADRID | Barroso took advantage of the Spanish president’s presence to push for an agenda Berlin still feels reticent about: the European Banking Union.
MADRID | By JP Marín Arrese | Unless financial solidarity is well entrenched, the Banking Union’s effectiveness ranks close to zero.
MADRID | The day will come when we’ll need to calculate the costs of having Chancellor Angela Merkel re-elected, and having her making decisions about the European Union as though only Berlin deserved to be heard and obeyed.
BRUSSELS | By Alessio Pisanò | UK Chancellor George Osborne said limits on bankers bonuses will make it more difficult to ensure that the banks and the bankers pay when there are mistakes. Nevertheless, no one else in the EU stood by him.
BARCELONA | By CaixaBank analysts | It is necessary to advance towards banking and fiscal union. Without it, the eurozone–particularly periphery countries–will not be able to face the numerous challenges still ahead.
By Miguel Ángel Rodríguez, XTB analyst | The toxic assets aren’t just linked to real estate and construction companies, but to sovereign debt holdings, too. Which is why, without a Banking Union the whole euro nightmare will repeat itself.