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


December 23, 2013
Merry Christmas, Europe -- You've Been Downgraded
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The EU should not be lulled into a false sense of security because its long-term health is still uncertain. That message is true, regardless of how imperfect the messenger. more ››
December 11, 2013
EU Crisis Isn't Down to Lazy Greeks
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December 20, 2013
EU Is in Denial over Its Failed Currency
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December 11, 2013
Economic Misery Aside, Europe Is a Success
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Five years of hardship have not changed the basic dynamics: people want to live in Europe. more ››
December 18, 2013
Is Fascism Returning to Europe?
F. Finchelstein & F. Bosoer, NY Times
Broadly speaking, populist movements, which tend to gain traction following the implementation of austerity measures, are an attempt to redress perceived crises of representation in government. The hallmark of Latin American... more ››