Bruegel Event Recordings

After 8 years, the European Banking Union has not achieved its two stated objectives: breaking future contagion between banks and sovereigns, and creating a true single market for banks. The aim of this event was to discuss possible solutions to revive the Banking Union. More specifically, Luis Garicano argued in his presentation for the empowerment of the Single Resolution Board and the creation of a “Safe Portfolio” model. Following these proposed solutions, the political and economic feasibility were discussed in a panel, together with other possible ways to resurrect the Banking Union.