Daniela Gabor and Jakob Vestergaard Last week, the European Commission launched its Action Plan for a European Capital Markets Union (CMU). By European standards, this ‘most significant EU proposal for the last […]
Today marks the operational start of the Single Supervisory Mechanism (SSM), charged with supervision of European banks. A milestone paving the way for the SSM was the comprehensive assessment of European banking, […]
The European tax on financial transactions (FTT) is back on the table. Last week, both Francois Hollande and Angela Merkel said it; they want an agreement among the 11 participating EU countries […]
The practice of central banking finds itself in an existential dilemma. Keeping interest rates low is seen as necessary to keep recession and deflation at bay, but cheap money may well cause […]
