Why Do We Need The Single Supervisory Mechanism?

1.	Why Do We Need The Single Supervisory Mechanism?
Answer» A truly European supervision mechanism weakens the link between BANKS and national sovereigns. This helps to rebuild trust in Europe's BANKING sector. The recent financial crisis has shown how quickly and forcefully problems in the financial sector of ONE country can spread to another, especially in a monetary union, and how these problems can directly affect citizens ACROSS the EURO area. A truly European supervision mechanism weakens the link between banks and national sovereigns. This helps to rebuild trust in Europe's banking sector. The recent financial crisis has shown how quickly and forcefully problems in the financial sector of one country can spread to another, especially in a monetary union, and how these problems can directly affect citizens across the euro area.

Answer»

A truly European supervision mechanism weakens the link between BANKS and national sovereigns. This helps to rebuild trust in Europe's BANKING sector.

The recent financial crisis has shown how quickly and forcefully problems in the financial sector of ONE country can spread to another, especially in a monetary union, and how these problems can directly affect citizens ACROSS the EURO area.

A truly European supervision mechanism weakens the link between banks and national sovereigns. This helps to rebuild trust in Europe's banking sector.

The recent financial crisis has shown how quickly and forcefully problems in the financial sector of one country can spread to another, especially in a monetary union, and how these problems can directly affect citizens across the euro area.

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