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The Banking Union

In June 2012, the EU leaders have agreed to undertake a big step forward in the deepening of the integration of the Union by creating a banking union. In spite of the huge ambition with which the EU leaders started back then, the construction is going on slowly and hesitantly and along the way some of the bolder ideas are dropping off. How did it all began and how is it moving forward you can follow in this special subject we have dedicated on the banking union.
31 January 2018 17:55 Will EU Miss the Window of Opportunity to Deepen the EMU?

In 2017, for the first time in five years, a rare opportunity opened to upgrade the euro area. With the election of Emmanuel Macron, UK's leaving and the good economic and fiscal conditions the reformist atmosphere of 2012 has returned. Back then a decision was taken to build a banking union. Fi ...

26 July 2016 13:53 Brexit Awoke an Echo of the Euro Area Crisis

In the first days following the June 23 referendum in Great Britain, in which voters decided that their country should leave the European Union, economic data showed the presence of a far stronger economic shock for the United Kingdom, than for the EU. A month after the publishing of t ...

13 February 2016 12:48 A Rise of Anti-Disintegration Moods in EU

The week (February 8-12) got to a running start with anti-disintegration actions. As early as the evening before the start of the work week (Sunday) the leaders of Germany and France met informally in Strasbourg to discuss the future of the EU, whose survival is under threat. This set the tone f ...

11 December 2015 12:37 Ideological Clash in ECOFIN on the Deposit Insurance Scheme

A real verbal shootout exploded between the ECB and Germany on December 8th, when the Council of finance and economy ministers of the EU (ECOFIN) discussed for the first time the proposal of the European Commission regarding the third pillar of the banking union – the European De ...

16 July 2014 14:09 Joining Banking Union Isn't a Panacea

After consultations with the parliamentary political parties, Bulgaria's President Rosen Plevneliev announced [in Bulgarian] a surprising piece of news, namely that a full consensus had been achieved an immediate procedure to be launched for Bulgaria's accession in the Single Supervisory Mechani ...

12 October 2017 13:54 ESM To Transform into a European Monetary Fund

This year is on its way to repeat the ambition of 2012 when the construction of the banking union started and when the permanent rescue fund of the euro area was created. That was the year when a big step in the euro area integration was made and in the EU at large. After a five-year deadlock in ...

16 February 2016 20:25 Draghi: An Unclear Agreement with UK Could Have Systemic Consequences

Three main subjects dominated the regular hearing of European Central Bank President Mario Draghi in the European Parliament's economic committee -  the negotiations with Great Britain, the latest offensive of Italian Prime Minister Matteo Renzi aiming at eliciting more concessions fro ...

2 February 2016 08:31 Banking Resolution Is Now Available in Uncertain Legal Environment

The Bank Recovery and Resolution Directive (BRRD) is not yet fully transposed and the different legislation in member states pose a risk to the work of the second pillar of the banking union, which is in full operation since January 1st. Those are some of the problems, laid out by Single Re ...

7 January 2015 17:23 Bulgaria Cannot Participate in the 1st Pillar of the Banking Union Without Being Part of the Second

On 1 January 2015 has started functioning, although not at full steam, the second pillar of the banking union - the single resolution mechanism for failing banks. In November 2014, the European Central Bank (ECB) has assumed its new supervisory functions and as of the beginning of this year the ...

31 March 2014 18:43 Finally a Compromise about the Banking Union's 2nd Pillar which Finds EU Treaties Completely Exhausted

The good news with which the spring began in the European Union is that, finally, an agreement has been reached on the second pillar of the banking union - the single resolution mechanism (SRM) for failing banks - which is to undergo final approval by the European Parliament at its las ...

 
free talk corner
Adelina Marini
The European Commission is to present the progress reports of the #WesternBalkans and Turkey. Federica Mogherini and Johannes Hahn will present the package just a couple of hours after French President Emmanuel #Macron announced he would not support any further enlargement before the EU had deepened. Stay tuned for live updates!
17 April 2018 15:31
Adelina Marini #Hahn: President #Macron was in line with what our president said in his speech of the State of the Union. This is not a contradiction. It's simply acknowledging we have to improve our internal procedures
17 April 2018 16:03
Adelina Marini
#France President Emmanuel #Macron will address the European Parliament this morning and will take part in a debate. This will be an attempt to rescue his European agenda, which has been losing a lot of steam in the past months. Stay tuned for live updates
17 April 2018 09:42
Adelina Marini Long and passionate standing ovation after Emmanuel Macron finished speaking in the European Parliament
17 April 2018 13:22
Adelina Marini
The EU foreign ministers met today in Luxembourg for a regular Foreign Affairs Council to discuss the situation in #Syria after the coordinated strikes by France, UK and the US in response to the chemical attack in Douma. The ministers also discussed Iran's role in the conflict, relations with Russia, and the preparations for the summit with the Western Balkans in Sofia next month. The meeting ended a while ago. Coming up next is High Representative Federica Mogherini's press conference. Stay tuned for live updates
16 April 2018 18:02
Adelina Marini #FAC #Mogherini: We keep a very open channel with #Iran on the war in #Syria. We need to keep that channel of communication open
16 April 2018 18:41
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