Will election results scupper banking and fiscal union?

Van Rompuy 230px
By GlobalCapital
29 May 2014

What happens when an unstoppable force meets an immovable object? For Europe’s policymakers, the past two years or so — since EU president Herman Van Rompuy set out his roadmap for banking union and fiscal integration in the eurozone — have been an exercise in answering that question.

Against all the odds, banking union is now more or less a done deal. Its three pillars — the single supervisory mechanism, the single regulatory rulebook, and the single resolution mechanism — have been adopted.

It is ...

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