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.”

https://www.bloomberg.com/opinion/articles/2021-04-12/europe-is-heading-toward-a-new-financial-crisis

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