The Road to Shared Liability: Hidden Risks Plague Euro-Zone Bank Oversight Plan

[sysop]

German Chancellor Angela Merkel was full of praise for the euro-zone bank oversight plan passed last week at the EU summit in Brussels. But the deal is not nearly as watertight as she claimed. It lacks a legal foundation and could lead to a conflict of interest at the highest levels of the European Central Bank.

http://www.spiegel.de/international/...-a-873191.html