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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.
17 July 2018 17:10 Bulgaria Entered a Schengen Mode for the Eurozone Too

The Cooperation and Verification Mechanism (CVM) of the European Commission proved an obstacle not only for Bulgaria's membership in Schengen but the euro area, too. The July Eurogroup discussed Bulgaria's application for membership in the common currency and changed for the first time its ...

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 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 ...

 
free talk corner
Adelina Marini
#FAC EU foreign ministers discussed a report by the EU HR for foreign and security policy Federica Mogherini on her visit in #Libya, where the Union re-opened its offices in Tripoli
16 July 2018 15:01
Adelina Marini #FAC #Mogherini on #QMV: We never never in these almost 4 years had a problem with unanimity. I don't exclude in the future this to become a problem but now even on defence we decide with unanimity, even with UK still in. What I can indicate as a problem is the problem of inconsistency. On other issues, yes, indeed
16 July 2018 15:20
Adelina Marini
The #Eurogroup will discuss today the outcome of the European Council in the end of June and in particular the future of the euro area
12 July 2018 14:46
Adelina Marini #Eurogroup Mario Centeno: It's quite impressive the list of commitments Bulgaria has put forward to join both the ERMII and the banking union and it is something worth to praise
12 July 2018 15:01
Adelina Marini
The European Commission is proposing new proposals for a reforms programme for the euro area and a eurozone budget. Stay tuned for live updates
31 May 2018 11:33
Adelina Marini Dombrovskis: Around half of all countries could possibly be benefiting of this stabilisation fund
31 May 2018 12:15
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