Yves Mersch: Interview in Het Financieele Dagblad
By Bank for International Settlements (BIS)
In this 2013 interview, Yves Mersch outlines the road to the European Banking Union, framing it as the "magic bullet" to end the financial fragmentation that plagued the Eurozone after the sovereign debt crisis. He highlights that while sovereign spreads are narrowing, a complete union encompassing both centralized supervision and orderly resolution is necessary to restore market confidence.
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