Autor: |
Alessandro Cuomo, Phedon Nicolaides |
Jazyk: |
German<br />English |
Rok vydání: |
2024 |
Předmět: |
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Zdroj: |
Verfassungsblog, Iss 2366-7044 (2024) |
Druh dokumentu: |
article |
ISSN: |
2366-7044 |
DOI: |
10.59704/6768ee0c747d0599 |
Popis: |
A heated debate on the risks of EU’s unfinished-effort to establish a Banking Union erupted on 11 September 2024, when the Milan-based UniCredit announced that it had amassed an equity stake of 9% in the Frankfurt-based rival Commerzbank. The German Chancellor quickly labelled UniCredit’s move an “unfriendly attack,” adding that the acquisition of Commerzbank is a threat to German financial stability. We argue that German authorities can hardly provide a legally-compelling justification to convince the ECB to reject UniCredit’s request on financial stability grounds. |
Databáze: |
Directory of Open Access Journals |
Externí odkaz: |
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