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Telosaes.it

Editor-in-chief:
Maria Palazzolo

Publisher: Telos A&S srl
Via del Plebiscito, 107
00186 Rome

Reg.: Court of Rome 295/2009 of 18 September 2009

Diffusion: Internet
Protocols - Isp: Eurologon srl

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Socio Corporate di American Chamber of Commerce in Italy

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PRIMO PIANO SCALAc

Telos Primo Piano Scala c

the collection TWO, our way to
celebrate the tenth anniversary
of our monthly publication
Primo Piano Scala c.

the collection ONE, our way
to celebrate the first five years
of our monthly publication
“Primo Piano Scala c”.

August 2017, Year IX, n. 8

Nicolas Véron

EU Banking Union. A hymn to imperfection

Telos: When the agreement was reached on the EU Banking Union in late 2013, Italy’s then-Minister of the Economy claimed it was a “historic achievement”. Three years later, the DG of the Bank of Italy said that the Banking Union had “increased uncertainty in the banking sector in Europe”. In your view, has the Banking Union helped restore confidence in the financial sector or has it exasperated the difficulties of struggling banking systems in peripheral Member States like Italy?

Nicolas Véron: The Banking Union has greatly helped to bring back confidence into the Euro-area banking sector, and to gradually address the remaining pockets of financial fragility – as evidenced by the recent announcements about Banca Popolare di Vicenza, Monte dei Paschi di Siena, and Veneto Banca. ...more

Editorial

The noun resilience and the adjective resilient recur in two crucial passages of our interview with French economist Nicolas Véron: in both cases he uses them to describe the rather unexpected and unforeseen ability of EU institutions and the continental integration process to resist and adapt, initially to turbulence in the financial markets and then to the great popular revolt against globalisation and the elite that benefit from it (excuse us for not abusing the usual term – populism – and for calling a spade a spade). It’s not easy to find the Italian equivalent of resilience ...more

the collection TWO, our way to
celebrate the tenth anniversary
of our monthly publication
Primo Piano Scala c.

the collection ONE, our way
to celebrate the first five years
of our monthly publication
“Primo Piano Scala c”.