L'unione bancaria europea e la stabilizzazione dell'Eurozona.(The European Banking Union and the stabilisation of the Eurozone)

• Main Author: Mario Sarcinelli
• Format: Article
• Language: Italian
• Published: Associazione Economia civile 2013-04-01
• Series: Moneta e Credito
• Subjects: Banking Union, Euro, european crisis, financial stability, unione bancaria, crisi, euro
• Online Access: http://ojs.uniroma1.it/index.php/monetaecredito/article/view/10295

<div class="page" title="Page 30"><div class="layoutArea"><div class="column"><div class="page" title="Page 31"><div class="layoutArea"><div class="column"><p>The economic governance of the Eurozone has been substantially improved in the last two years. However, the Eurozone still exhibits a dramatic coordination failure. Economic growth is being invoked, without anybody acting to make it realise. If a common macroeconomic stabilisation device was in place, it may have been possible to sustain growth without imposing new stress on public finances. Moreover, mechanisms of risk sharing, in the form of a fiscal backstop, are also a necessary component of any banking union.</p><p> </p><p> </p><p> </p><p> </p></div></div></div></div></div></div>