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The European Banking Disunion

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  • Gros, Daniel

Abstract

In this CEPS Commentary Daniel Gros argues that the purpose of the euro was to create fully integrated financial markets; but, since the start of the financial crisis in 2008, markets have increasingly separated along national lines. So the future of the eurozone depends crucially on whether that trend continues or is reversed and Europe’s financial markets in the end become fully integrated. But either outcome would be preferable to something in between – neither fish nor fowl. Unfortunately, that is where the eurozone appears to be headed.

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  • Gros, Daniel, 2013. "The European Banking Disunion," CEPS Papers 8596, Centre for European Policy Studies.
    • Handle: RePEc:eps:cepswp:8596
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    File URL: http://www.ceps.eu/system/files/DGros%20Commentary%20EU%20Banking%20Disunion.pdf
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