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Ten years after EULEX Key principles for future EU flagship initiatives on the rule of law
Policy Contribution

The European Banking Disunion

14 November 2013

The European Banking Disunion

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In this CEPS Commentary Daniel Gros argues that the purpose of the euro was to create fully integrated financial markets; but, since the start of the financial crisis in 2008, markets have increasingly separated along national lines. So the future of the eurozone depends crucially on whether that trend continues or is reversed and Europe’s financial markets in the end become fully integrated. But either outcome would be preferable to something in between – neither fish nor fowl. Unfortunately, that is where the eurozone appears to be headed.

Daniel Gros is Director of CEPS.


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The European Banking Disunion
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2645 Downloads