{"id":3319,"date":"2012-12-06T05:59:02","date_gmt":"2012-12-06T04:59:02","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=3319"},"modified":"2012-12-06T07:46:46","modified_gmt":"2012-12-06T06:46:46","slug":"banks-and-sovereigns-embrace","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/banks-and-sovereigns-embrace\/","title":{"rendered":"Banks and Sovereigns Embrace"},"content":{"rendered":"<p>Europe is determined to break the vicious circle between sovereigns and banks. To achieve this aim, it appears to be clear that Europe will need a strong central supervisor, a common resolution authority as well as the appropriate fiscal backstop to help in case of major crisis when the resources of the resolution fund are exhausted. As Europe is advancing its work on the banking union, the increased dependence of banks on their sovereigns in the last year has not received sufficient attention.<a href=\"http:\/\/www.bruegel.org\/nc\/blog\/detail\/article\/954-chart-of-the-week-a-deadly-embrace\/\" target=\"_blank\">\u00a0 Article<\/a><\/p>\n<p><a href=\"http:\/\/www.bruegel.org\/nc\/blog\/detail\/article\/954-chart-of-the-week-a-deadly-embrace\/\" rel=\"attachment wp-att-3320\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-3320\" src=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2012\/12\/Euro-2012-cartoon-14-300x157.jpg\" alt=\"\" width=\"300\" height=\"157\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2012\/12\/Euro-2012-cartoon-14-300x157.jpg 300w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2012\/12\/Euro-2012-cartoon-14-500x261.jpg 500w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2012\/12\/Euro-2012-cartoon-14.jpg 915w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Europe is determined to break the vicious circle between sovereigns and banks. To achieve this aim, it appears to be clear that Europe will need a strong central supervisor, a common resolution authority as well as the appropriate fiscal backstop &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/banks-and-sovereigns-embrace\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-3319","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Europe is determined to break the vicious circle between sovereigns and banks. 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