From the internal market to a banking union: A proposal by the German Council of Economic Experts
The sovereign debt crisis has revealed severe flaws in the EU internal market. Common monetary policy has not been accompanied by the transfer of authority to supervise banks and risks of banks and states have become dangerously intertwined. This column summarises the proposal of the German Council of Economic Experts for a full banking union which aim at correcting these deficits.
Bofinger, P., C. Buch, L. Feld, W. Franz und C. Schmidt (2012), From the internal market to a banking union: A proposal by the German Council of Economic Experts. VOX CEPR Policy Portal, 12.11.2012.