1. Should Denmark and Sweden join the banking Union?
- Author:
- Dirk Schoenmaker and Svend E. Hougaard Jensen
- Publication Date:
- 06-2020
- Content Type:
- Policy Brief
- Institution:
- Bruegel
- Abstract:
- Though outside the euro area, Denmark and Sweden could benefit from joining the European Union’s banking union. It would provide protection in case of any need to resolve at national level a large bank with a Scandinavian footprint, and would mark a choice in favour of more cross-border banking. But joining the banking union would also involve some loss of decision-making power.
- Topic:
- Markets, European Union, Economy, and Banks
- Political Geography:
- Europe, Denmark, and Sweden