Eurozone Banking Union with a Sovereign Virus
June 15, 2013 at 10:29 AM EDT
The doom-loop between banks and the national governments played a dominant role in the Eurozone crisis for Ireland and Cyprus. A Eurozone banking union is usually viewed as the solution. This column argues that the doom-loop cannot be undone as long as banks hold oversized amounts of their government’s debt. A simple solution would be [...] View the full post at: Eurozone Banking Union with a Sovereign Virus Related posts: Bad Bank(s) and Recapitalisation of the Banking Sector The Banking Crisis (Continued) Merrill’s Largest Shareholder Sees Value in U.S. Banking Stocks