Risk News

5/30/2012
EU Proposes 'Banking Union'
Gabriel Steinhauser, Wall Street Journal

"The 17 countries that use the euro should consider setting up a "banking union" that allows them to share the burden of bank failures, the European Union's executive arm said Wednesday in a report on the currency union's crisis-fighting efforts."

Annie's take:

Such proposals are harder to find agreement on when times are tough than when things are going well.