Publication
2 Jul 2012
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.
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English (PDF, 2 pages, 99 KB) |
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Author | Karel Lannoo |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2012 Centre for European Policy Studies (CEPS) |