MODIFICACIONAUTORES
The European banking union from the Spanish perspective: Myths and reality
The European banking union project has drawn a significant amount of recent attention. However, despite the inevitable trade-off between the time needed to establish it and the quality of the union, progress on implementation remains limited given the lack of political consensus.
Recent progress on bank restructuring and recapitalization in Spain
Over the period from March to May 2013, Spain has taken key actions in several areas as stipulated by the MoU with the EU, including: i) the restructuring and recapitalization of nationalized banks, complete with burden-sharing mechanisms for Group 1 and Group 2 banks; ii) the est.