Abstract
In June 2012, the EU heads of state and government decided to pursue a so-called Banking Union as part of the effort to strengthen the cohesion of the European Union and to stabilise the eurozone. Banking Union is now part of the four frameworks — an integrated financial framework, an integrated budgetary framework, an integrated economic policy framework, and a framework for better democratic legitimacy and accountability — proposed by the President of the European Council, Herman van Rompuy, also in June, as the necessary elements for a genuine economic and monetary union.
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© 2013 Springer-Verlag France, Paris
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Ackermann, J. (2013). EU Banking Union: Sound in theory, difficult in practice. In: Chopin, T., Foucher, M. (eds) Schuman Report on Europe. Springer, Paris. https://doi.org/10.1007/978-2-8178-0451-4_9
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DOI: https://doi.org/10.1007/978-2-8178-0451-4_9
Publisher Name: Springer, Paris
Print ISBN: 978-2-8178-0450-7
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