2 July 2012
Eurozone as Home Country of Banks
Once again, the Eurozone Council has managed to surprise the markets by moving banking supervision of the eurozone to the European Central Bank (ECB) in return for the direct recapitalization of banks by the European Stability Mechanism (ESM). But the decision has far-reaching implications and raises many questions of an operational and legal nature.
© 2012 Centre for European Policy Studies (CEPS)
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Karel Lannoo
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