Den som har en egen sedelpress behöver ingen bankunion

EZ banking union

Non-EZ countries are revolting because they are dragged into this business. They are right.

They have their own central banks that can act as lender in last resort and therefore have no need for ECB intervention.

The commission is making a grave mistake when it proposed an EU solution for a EZ problem.

Charles Wyplosz, Vox, 17 September 2012

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