The complexities of a banking union
A report on a banking union’s impact on central and eastern Europe is required reading, and not just for eurozone countries
Appeared in print on 15.11.2012
Mervyn King, the governor of the Bank of England, famously observed that banks are “international in life but national in death”. This message has been heard and taken to heart in the countries of central and eastern Europe that are sometimes described as ‘transition’ economies.