Tag Archives: banking union

The ECB printing machine gets louder and louder…

“A legislative framework is to be agreed among member states by 1 January 2013. The European Central Bank (ECB) will be given supervisory responsibility, with the power to intervene in any bank within the eurozone.” http://www.bbc.co.uk/news/world-europe-19999998

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REPORT: Europe’s Big Plan To Fix The Banking System May Be Illegal

Long live central bank independence! “According to a report from the Financial Times, the big idea on the table right now to stem the eurozone banking crisis may be illegal.” Read more e.g. here http://m.yahoo.com/w/legobpengine/news/report-europes-big-plan-fix-171036774.html?orig_host_hdr=news.yahoo.com&.intl=US&.lang=en-US

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Wolfgang Munchau: The dwindling chances of a banking union put Draghi in a tight spot.

Welcome back to the eurozone crisis http://www.ft.com/intl/cms/s/0/b21f3840-072a-11e2-92b5-00144feabdc0.html#axzz27xREghtM

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