Daily Archives: August 31, 2012

Esther Bintliff

José Manuel Barroso (R), who is set to unveil plans for a "banking union" on September 12, shown here in talks with German Chancellor Angela Merkel in June.

In times of crisis, a fast-forward button can be pressed on decisions that would usually take years of discussion and planning. So it is with the creation of a European ‘banking union’, which analysts at the Bruegel thinktank describe as an endeavour “in some respects no less ambitious and complex than the creation of monetary union itself”. The aim is to brace eurozone banks against future shocks by bringing them under a common regulatory and supervisory structure, introducing common deposit insurance and a shared system for crisis resolution. In June, José Manuel Barroso, president of the European Commission, told the FT he’d like to enact a banking union as soon as 2013. But is that really feasible? And what hurdles stand in the way?  Read more

These articles caught our eye today:

Gideon Rachman

Mitt Romney and Paul Ryan (R-WI) with their families on the final day of the Republican National Convention (Photo by Chip Somodevilla/Getty Images)

After three hours of the Republican convention on Thursday night in Tampa, I was all but convinced that the party is on course for victory in the presidential election. And then Mitt Romney gave his speech. The Republicans have some powerful themes to hammer away at. But the fact is, they are stuck with a wooden, dull and charmless candidate. In fact, it seems almost incredible that the anti-charismatic Romney is the best they could come up with – until you remember the motley crew that he ended up running against: Gingrich, Cain, Bachmann, Santorum.  Read more

The Republican convention and the future of the GOP
This week’s Republican Convention has been showcase for a strong next generation of potential leaders for the party, but is Mitt Romney’s campaign also the last throw of the dice for a party that may need to adapt to a rapidly changing electoral demographics? Richard McGregor and John McDermott join John Aglionby to discuss the indications from Tampa.