Year: 2020

ISSN: 2684-6667

 DOI: 10.53121/ELFDP

Graham Bishop, independent consultant on EU financial affairs
Giuseppe Russo, Managing Director of the Centro Einaudi

The Banking Union is an essential pillar of the Economic and Monetary Union. However, it is still not completed and not as resilient and weather-proof as one would wish. In this ELF Discussion Paper, two distinguished authors analyse the imminent crisis and possible solutions: Giuseppe Russo proposes to prevent banking crises at the micro-level through the use of predictive systems that employ artificial intelligence while Graham Bishop analyses the proposals to counter the current crisis, arguing for a temporary Eurobill Fund and the capitalisation of banks.