EU Inaction on Banks Grows Ever Costlier
by Nicolas Véron | May 18th, 2010 | 09:43 amThe European Union faces an existential crisis that results from three simultaneous challenges. The most visible one is fiscal. Several member states have poorly managed their finances, and the eurozone policy framework has been toothless in getting them to address their complacency. The second is about competitiveness. Property bubbles and a benign international environment have [...]