Averting Future Crisis: The European Banking Union s Single Supervisory Mechanism

As a result, some European leaders stressed the need to adopt new measures and new institutions to deal with the financial crisis as summarized by the former

The agreement to establish a Single Supervisory Mechanism in Europe is a major step towards a Banking Union, consisting of centralized powers for the supervision of banks,

Keywords: Economic and Monetary Union (EMU), European Monetary System (EMS), Exchange Rate Mechanism (ERM), Maastricht Treaty, Stability and Growth Pact, Maastricht

KEYWORDS: European Union law - Financial crisis - European Banking Authority - Internal Market - Harmonisation - Institutional design - Article 114 TFEU - EU Agencies-

(2016) ‘The Political Economy of European Capital Markets Union’, Journal of Common Market Studies Annual Review, 54 (s1). (2015) ‘Capital Markets Union for Europe - A

The European Union and the World Bank have deve- loped a close partnership in providing assistance to the countries of South-Eastern Europe, including Albania. Together

3 Moreover, the contagion of the sovereign debt crisis to other Euro countries led to the adoption of a European bailout mechanism on a permanent basis—the European

Europe at the Epicenter of National Politics: The Attitudes of Greek Political Elites Towards the European Union and the Economic Crisis.. Tsirbas, Yannis; Sotiropoulos,