Article by Jacopo Carmassi on 16 Jun 2012
Dr. Jacopo Carmassiis an economist at Assonime,
the Association of Joint Stock Companies incorporated in Italy.
Dr. Carmine Di Noiais a member of the ESME (European Securities Market Expert Group)
at the European Commission.
Dr. Stefano Micossiis Director General of ASSONIME, a business association and think tank in Rome, as well as a member of CEPS Board of directors, Chairman of the Board of CIR Group, and Professor at the College of Europe
This article is republished from and in accordance with the policy of “VoxEU.org”
Is Europe ready for a banking union? This column argues that the current debate is missing several key points. Chief among these is that much of what is needed for Europe’s financial system is already feasible within the existing set up.The opportunities for institutional advancement in the EU created by the dismal management of the Eurozone crisis may well include the establishment of a banking union, a theme that could be placed on the agenda of the forthcoming European Council at the end of June. The debate on this topic, however, seems mired in confusion, notably as regards the features and tasks of deposit insurance at the Eurozone or EU level in combating contagion and restoring financial stability. It also seems at times