Conditions for an Effective Banking Union

Under the time pressure of the legislative period drawing to a close, the European Parliament has approved regulations and guidelines on a banking union that mark a crucial milestone on the guaranteeing of financial stability in the euro area. In his article Franz-Christoph Zeitler, former Vice President of the German Bundesbank and honorary professor of the University of Augsburg, presents his opinion on the conditions required for an effective banking union to succeed.