Pisani-Ferry, Jean; Sapir, André - Université Paris-Dauphine (Paris IX) - 2010
assess the management of the 2007--2009 banking crisis within the EU against this backdrop. In a nutshell, we find that … discipline flexibly. However, there was no institutional innovation in the form of an EU-financed bail-out of transnational … financial institutions or a genuine EU financial stress test. Supervisory responsibilities remained entirely with individual …