A la Carte and Half-baked; Europe's Banking Union  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 407 no. 8839 (Jun. 2013), page 11-12.
Topik: Banks; Cooperation; Moral Hazard; Euro; Sovereign Debt

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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The announcement of the Outright Monetary Transactions (OMT) programme last year helped euro-zone bond markets recover their poise. Despite short-sighted objections to the OMT programme from Germany's Bundesbank, which will be aired in a constitutional-court hearing next week , it has been a remarkable success. But it also eased the pressure on creditor countries to push ahead with the institutional reforms required to make the euro area stable. Any deposit-insurance scheme must have recourse to government backing. The Germans don't like that. But the banking union--and thus the euro--will make little sense without it.

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