EU leaders call for quick establishment of SRM
Xinhua, 18.12.2012
Quote
Two EU leaders on Monday called for quick establishment of single resolution mechanism (SRM) as the next step of the European Banking Union.
European Council President Herman Van Rompuy reiterated achievements of the EU in the past week, including proposals on single supervisory mechanism (SSM), the Eurogroup's decision on Greece, as well as European Council's conclusion on completing economic and monetary union (EMU). […]
Though both leaders claimed the past EU summit a fruitful one, analysts doubt its result and describe it as a disappointing one.
Janis Emmanouilidis, senior policy analyst with European Policy Center, a top think-tank in Brussels, pointed out in a report that the Council failed to live up to the expectations raised and the objectives set earlier in the year.
"The EU 27 rather gave the impression that they could take advantage of the relative calm in the markets and take a breather," said Emmanouilidis.
"The eurozone is still far away from reaching the comfort zone and that complacency could undermine the regained confidence in the euro and the future of the EU," he warned.
For the original article see here.
Latest media contributions
EPC Update / Post-summit Briefing: Informal leaders' retreat: New momentum for European competitiveness?
Online Briefing, YouTube, 16.02.2026
EPC Update / Post-summit Briefing: The Greenland crisis: A test for Europe's credibilitye need for strategic choices
Online Briefing, YouTube, 23.01.2026
EPC Update: EUrope in 2026: the need for strategic choices
Online Briefing, YouTube, 12.01.2026
EPC Update / Post-summit Briefing: The last EU Summit of 2025: a real moment of truth?
Online Briefing, YouTube, 19.12.2025
The next MFF: an adequate answer to EUrope’s challenges?
Online Briefing, YouTube, 24.11.2025
The future of enlargement and EU reform – the candidates' perspective
EU Democracy Reform Conversation, YouTube, 27.10.2025
October Summit: Can the European Council move from divisions to delivery?
Online Briefing, YouTube, 24.10.2025
EPC Update / Post-summit Briefing: Copenhagen and beyond: accelerating progress on defence and Ukraine?
Online Briefing, YouTube, 02.10.2025
State of the Union 2025: A crisis of confidence?
Online Briefing, YouTube, 10.09.2025
EPC Update / Post-summit Briefing: A tale of two summits: Will the EU27 agree on a major leap forward?
Online Briefing, YouTube, 27.06.2025