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A solution for Europe's banking problem

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  • Adam Posen
  • Nicolas Véron

Abstract

Nicolas Véron 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.

Suggested Citation

  • Adam Posen & Nicolas Véron, 2009. "A solution for Europe's banking problem," Policy Briefs 325, Bruegel.
    • Handle: RePEc:bre:polbrf:325
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