Manifesto for a banking union, done properly
The EU Summit decision on banking union is being questioned by some economists in Germany. This manifesto by economists in Germany, Austria and Switzerland argues that a banking union is a critical step in ending the Euro Zone crisis and building a more stable Euro Zone financial architecture. It is drafted by 16 first Signatories, among them Jan Pieter Krahnen and Hans-Helmut Kotz from the House of Finance, and signed by over 100 economists.
A translation by Michael Burda of the German-language manifesto can be found here: Manifesto for a banking union, done properly