Banking Union as a Shock Absorber

Banking Union as a Shock Absorber

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The Great Financial Crisis, which started in 2007-08, was originally called the ‘sub-prime’ crisis because its origins could be traced to excessive lending in the real estate sector in the US, concentrated mostly in sunbelt states like Nevada, Florida and California. There were similar pockets of excess lending for housing in Europe, notably in Ireland and Spain. But a key difference emerged later: in Ireland and Spain, the local banking systems almost collapsed… (more)


Book Details  


Publisher: Center for European Policy Studies (December 16, 2015)

Format: EPUB

Page count: 98 pages

File size: 2 MB

Protection: DRM

Language: English


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