Publication
19 Dec 2013
This paper discusses the agreement of the finance ministers of the Eurozone countries on a Single Resolution Mechanism (SRM) and describes it as an “inelegant step in the right direction”. The author particularly singles out the Single Resolution Fund, with its considerable mutualization of risk, as the key advance – but one that will require changes over time in the extremely complex decision-making mechanisms agreed.
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English (PDF, 2 pages, 268 KB) |
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Author | Daniel Gros |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2013 Centre for European Policy Studies (CEPS) |