See on Scoop.itThe Great Transition

It won’t be easy, but the half-baked idea of a banking union can be turned into something useful if the European Central Bank follows certain steps.

Willy De Backer‘s insight:

Question is not if it would work. Question is if Europe’s citizens really need it. Why not a citizens’ union or a social union? Banking union shows where EU elites have their priorities

See on www.nytimes.com