A solution for Europe's banking problem
AbstractNicolas VÃ©ron and Adam Posen believe Europe should build new long term European joint-action to face the likely high rising number of insolvent banks on the continent. The authors propose on the one hand, a centralised triage and restructuring process of bad European banks lead by a new temporary European Institution, a European Bank Support Authority (EBSA), and on the other hand, long-term EU Institutions dedicated to the completion of an integrated market.
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Bibliographic InfoPaper provided by Bruegel in its series Policy Briefs with number 310.
Date of creation: Jun 2009
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