The Banking Union lacks a supplied, mutualised and completely alienated from political decition-making payment guarantee procedure. Whilst that fund is not culminated, member states will not be able to exploit the full potential of the euro. This is the starting premise of this new #PapelesFAES, signed by Miguel Marín, head of the economic area of the Foundation. Inasmuch as the responsibilities of the crisis are largely national, so the solutions must be. To contemplate the Fiscal Union as the solution to all the problems in Europe is a mistake.
It is true that the EU cannot move forward before consolidating what it has been previously agreed; not only the Banking Union but also the culmination of the internal market and free trade with other blocks.