André Sapir puts forward some comments and recommendations about the Lisbon Methodology (LIME) Working Group. This Policy Contribution was presented at the first meeting of LIME'S Working Group on 1 February 2007.

This paper discusses the creation of a European Banking Union. First, we discuss questions of design. We highlight seven fundamental choices that decision makers will need to make: Which EU countries should participate in the banking union? To which categories of banks should it apply? Which...

The Issue Reform of the governance of the euro area is being held back by disagreement on what is at the root of the euro areaâ??s woes. Pre-crisis, the euro area suffered from the built-up of financial imbalances, price and wage divergence and an insufficient focus on debt sustainability....