europarltv3m http://televiziuneaelevilor.ro/?page_id=3776

In the aftermath of the financial crisis, wayward banks were reigned in. A Banking Union for the Eurozone was devised with three core strands: The European Central Bank would supervise national bank practices, a mechanism to support banks in trouble before they went bust came into force in 2016 and the last step still to be undertaken will try to keep savings secure. But has it been the right medicine? It would have been better to create a new institution as a European banking supervisor, that would have been the better solution.

But giving it to ECB is still better than the fragmented national system we had before where the Member States were competing for the weakest banking supervision, one of factors that led us into financial crisis. During the crisis, bailouts were the norm. But that in turn ballooned government debt. Now a US-style system is in place where investors manage risk. We of course have to avoid the unintended consequences of bail-ins, instead of reducing risk, enhances it in terms of lack of confidence.

This requires first the completion of the banking union, so the deposit guarantee and the backstop are crucial elements, and also that we use the bail-in tool in a proportionate and fair way. But Germany remains opposed to a deposit guarantee system saying it redistributes risk across EU. Negotiations are ongoing.

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http://televiziuneaelevilor.ro/wp-content/uploads/2016/03/europarltv3m.jpghttp://televiziuneaelevilor.ro/wp-content/uploads/2016/03/europarltv3m-150x150.jpgtveadminUncategorized http://televiziuneaelevilor.ro/?page_id=3776 In the aftermath of the financial crisis, wayward banks were reigned in. A Banking Union for the Eurozone was devised with three core strands: The European Central Bank would supervise national bank practices, a mechanism to support banks in trouble before they went bust came into force in 2016..." Academiile virtuale - Dacă TU gândești binele milioanelor de copii/tineri rezultatul va fi că milioane de oameni vor avea grijă de TINE *