December 23, 2013

In Europe, Banks Hold the Real Power

Juliane Mendelsohn, The European

The Associated Press

The Banking Union is a milestone in European integration and shared responsibility. It reflects all the truths and lessons of the past years back at us: the crisis has already proven how closely knit the European banking sectors are and that European states do stand together. But it also shows us that no state, whether on its own or collectively, can stand up to the power of the banks.

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TAGGED: European Union, Eurozone

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