Publication

This brief argues that the European banking union agreement, in its existing form, will fall short of many of its goals and will only be useful in the next economic crisis. Indeed, the author suggests that the agreement will not bring a definitive end to the existing European financial crisis and it has left a number of issues unresolved. She also discusses what Europe must do to establish a sound banking union, including the point that it is crucial for Europe to get its institutional infrastructure right.