Arturo Pallardó (Master in Economics ’15) is the creator of the @bankingunion_eu Twitter account and has just launched a new website to follow the evolution of the European banking union. Here he tells Barcelona GSE Voice readers about the project:
As expressed by the European Central Bank, the construction of a banking union emerged from the financial crisis of 2008 and the subsequent sovereign debt crisis: “It became clear that, especially in a monetary union such as the euro area, problems caused by close links between public sector finances and the banking sector can easily spill over national borders and cause financial distress in other EU countries”.
However, this European project is still under construction. The ultimate goal of this www.bankingunion.eu website is to gather and structure banking union-related documents, from legislative acts to research papers, while fostering the debate on those issues that are unfinished.
Meanwhile, in the current beta version of the web the reader will find different interviews with academics, researchers and professionals discussing some of these banking union topics.