“Germany Remains Firmly Opposed to Banking Union” By Gordon Kerr, Cavin O’Driscoll and Enrico Colombatto, courtesy of IREF In November, Germany’s Finance Minister Olaf Scholz wrote an article in the Financial Times claiming that he had devised a common European Deposit Insurance Scheme (EDIS)[1] that could be acceptable to both sides of the hitherto […]
Tag: transfer union
East Euro econs say “no” to transfer union
Any financial system reform for the European Union that involves creation of a transfer union, putting Europe’s prudent countries on the hook for profligate counterparts, faces a few rather large obstacles in Central and Eastern Europe. That’s according to the new analysis from the Leibniz Centre for European Economic Research (ZEW) in […]