It appears that the Eurozone, still in the middle of its debt contagion and financial problems, is taking baby-steps in the right direction. It remains to be seen if their new so called independent agency which is supposed to monitor and supervise all banks in the Eurozone will actually be independent or if it will fail just like so many other regulatory bodies before.
Calls from various sectors of the financial market claimed that Eurozone banks under ECB control is a vital step in order to add an additional layer of security across the Eurozone. While there is no doubt that serious structural changes are required, the verdict is still out if this new agency is well suited for the job or not.
Calls from various sectors of the financial market claimed that Eurozone banks under ECB control is a vital step in order to add an additional layer of security across the Eurozone. While there is no doubt that serious structural changes are required, the verdict is still out if this new agency is well suited for the job or not.
