Carbon-Dioxide: the gas of life!
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Draghi: Bank union could lead to stronger financial integration
-SSM designed with necessary independence to lean against localised booms -Job of bank resolution authority could become more complicated if there are doubts about resources -SRM needs solid public backstop -Backstop could be the ability to borrow from market with government guarantees or access to ESM -Wants full mutualisation of the fund in 5 years and no acceleration of payments from banks -10 years unduly long time to build resolution fund Nothing really juicy yet and no trying to fill the hole dug by Mr Coeure earlier today
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