The emerging banking union is not only the first step toward a European fiscal union; it is also the final step toward completing the European common market. Without a common resolution mechanism that levels the playing field, the common market will remain unfinished.
到目前为止，最显著的例外就是银行。新的银行联盟不仅是迈向欧洲财政联盟的第一步，也是迈向完善欧洲共同市场的最后一步。没有创造公平竞争环境的共同清算机制，共同市场就无法彻底完成。