Ever since the 2008 financial crisis, the largest banks in the eurozone are closely supervised by the European Central Bank. But a new report from the European Court of Auditors says there's still room for improvement - particularly when it comes to crisis management.
Criticism of Germany’s export prowess, and accusations of currency manipulation, are just as wrong-headed as Germany’s own defense of its excessive surplus. Ultimately, Germany can serve everyone’s best interests – including its own – by reducing its surplus, and thus the harmful economic imbalances
Today’s political climate limits the possibilities for structural reforms, fiscal pooling, and improved labor mobility. But if European leaders can strengthen the banking union, there is still hope for the eurozone’s future.