Tag Archives: Banking Union

The EU has “very little time to stop bank runs and the resulting disintegration of monetary union.”

EU Seeks Lender Levy, Debt Losses as Step to Banking Union Failing banks’ senior unsecured creditors may be forced to take losses and lenders may be made to pay levies under European Union proposals to deal with crisis-hit banks that … Continue reading

Posted in Editorial | Tagged , , | Comments Off on The EU has “very little time to stop bank runs and the resulting disintegration of monetary union.”

European Hail Mary or End Run?

The call for direct capitalization of Euro zone banks by forming a banking union is definitely a hail Mary to save Spanish and Greek banks. Although this is only a “call”, Germany will never support it and at some point, … Continue reading

Posted in Editorial, Financial | Tagged , , , , | Comments Off on European Hail Mary or End Run?