What is the banking union?

The banking union is a fundamental change to the way banks are supervised in Europe to protect taxpayers and savers. How will it affect your daily life? Find out in a couple of minutes in this video! You can watch the second video in the series "The banking union in practice" here: • The banking union in p...

[@invernessfan3017]

I hope the economy grows and is stable.

[@chrismr3972]

So how come the Italians bailed out two banks a couple of months ago?

[@ItsJustNery]

so true

[@pedroblanco5242]

Congrats! I think transparence is always a good way to belive in banks and in Europe after the crisis we need more than ever a good explanation about how the financial system works. But my main question is how is possible to have a "banking union" safe without 100% fractional reserve? How is this possible? Thanks.

[@MrBrotmafia]

it isn't.. it is safe for small issues but the € 55 billion fund and 8% from the creditors may not be enough if a large crisis would happen in the future.

[@ONeilTD]

It's safe as long as enough people believe it is.