EU Financial Stability at Risk: Challenges in Lender-of-Last-Resort Function Identified
The article discusses challenges in providing emergency financial support in the EU single financial market. It looks at the EU financial system and how it could be at risk. The paper talks about the complex ways the EU tries to keep the financial system stable, including emergency financial help. It explores how this help would work during a big financial crisis affecting multiple EU countries. The paper points out difficulties and suggests ways to make the system work better.