Tag Archives: Unfit For Next Crisis; Laughable Banking Union Revisited

Mish/ Mike Shedlock – Unfit For Next Crisis; Laughable Banking Union Revisited – 20 December 2013

MishMikeShedlockHere is an interesting article in Der Spiegel Online that echoes recent statements of mine. Please consider Der Spiegel Online article: Not Fit for the Next Crisis: Europe’s Brittle Banking Union
 
German Finance Minister Wolfgang Schäuble has negotiated a European banking union suited perfectly to his country’s tastes. It looks like a victory, but it could prove to be very expensive if Europe or Germany face another financial crisis.