Europe /Euroland/ Is Heading Toward a New Financial Crisis
Completing the EU’s banking union might be the only way to avoid the dreaded “doom loop.”
Italian and French banks revive ‘doom loop’ fears
FT 6 April 2021
https://englundmacro.blogspot.com/2021/04/italian-and-french-banks-revive-doom.html
Prodi: It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created."
"I am sure the euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created."
Romano Prodi, EU Commission President. Financial Times, 4 December 2001
https://englundmacro.blogspot.com/2011/12/prodi-it-is-politically-impossible-to.html
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