Can a banking union save the euro? | Gavyn Davies

Angela Merkel, the Chancellor of Germany

Angela Merkel, the Chancellor of Germany (Photo credit: Wikipedia)

This is a very interesting article from Gavyn Davies, the macro economist, writing for the FT. Check it out!

Can a banking union save the euro? | Gavyn Davies.

It looks like the Euro will suffer further pressure unless Germany softens its policy for use of ECB funds, with Angela Merkel apparently being challenged jointly by Presidents Obama, Hollande and Monti (reported in the Telegraph).

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