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Nicolas Véron, "Europe's Banking Union at Ten: Unfinished Yet Transformative" (Bruegel, 2024)

New Books in Economics

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The Significance of the Political Agreement in Establishing Banking Union

The chapter delves into the 2012 political agreement that formalized the banking union, enabling Mario Draghi to assert the ECB's authority with the 'whatever it takes' speech. It examines the political dynamics supporting the ECB's actions and its relationship with the banking union.

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