The more optimistic:
As market observers will no doubt concur, nothing in Europe is ever straightforward. The European finance ministers finally reached an agreement on 13 December regarding the European banking supervisor. While this is welcome progress, questions remain unanswered, and some governments and their banks still have some difficult decisions to make.
Read the whole article (opens in a new tab so you may easily comment here): European Banking Union Takes Big Step with Banking Supervisor, but Difficult Decisions Remain, by Claire Fargeot
The more pessimistic:
MUNICH – The eurozone is now in its sixth year of crisis – and of efforts by the European Central Bank and the international community to end it. Policymakers are becoming ensnared in a creeping interventionism that, as British Prime Minister David Cameron has put it, may alter the eurozone “beyond recognition” and violates Europe’s basic economic and political rules.
Read the whole article (opens in a new tab so you may easily comment here): The Collateral Damage of Europe’s Rescue, by Hans-Werner Sinn