The New Agreement Still Isn’t Good Enough, Same Obstacles, Same Inadequate Results In late December 2013 EU member states agreed on an EU banking union plan. It was widely criticized as too slow implement and too underfunded to provide a credible guarantee of EU banking stability in case of bank failures. It also left individual member states without any outside aid for many years to come. The final EU Parliament approved version is still too slow and underfunded to consider the EU banking system as stable as that of the US or Japan. It remains a ticking time bomb under the EZ and EUR, only now it’s a smaller bomb, ... (full story)