The European Banking Union Also Means Cross-Border Bank Consolidation - EU Law as a Bulwark Against National Political Interference in the UniCredit-Commerzbank Tie-Up Cuomo, Alessandro Author aut Nicolaides, Phedon Author aut Text xx# 2024 Verfassungsblog 2024-11-25 eng
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 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. CC BY-SA 4.0 Cuomo, Alessandro Banking Union Commerzbank Cross-Border Bank Consolidation ECB EU EU Germany Italy UniCredit eurozone EU 342 https://verfassungsblog.de/banking-union-cross-border-consolidation/ Verfassungsblog 2366-7044 Max Steinbeis Verfassungsblog gGmbH 10.59704/6768ee0c747d0599 241125 10.59704/6768ee0c747d0599 Converted from MARCXML to MODS version 3.7 using MARC21slim2MODS3-7.xsl (Revision 1.140 20200717)