the aspiration to to break the vicious circle between banks and sovereigns. Equally important rationalization is to … more sufficient. If banks become, thanks to large-scale cross-border operations, very large in relation to the economic … size of the home country, the interdependence of the banks and the sovereign increases. The greatest challenge of the …

the increased sophistication in clearing arrangements is the ongoing process of European economic integration, ie the euro …

releasing their equity. We also consider the tax treatment of different financial products that turn wealth into an income …