Mises Wire
Author:
Louis Rouanet
Online Publish Date:
In early June, the failure of the Spanish bank Banco Popular seemed to work smoothly under the new . In other words, the banking union was supposed to protect taxpayers from bank failures. As the French executive board member of the ECB, Benoît Cœuré, stated: Ending bailouts is key not only to enhancing market discipline, but also to ensuring that those who appropriate the gains are also