To: The Right Honourable British Chancellor of the Exchequer Mr. George Osborne From: Athinarayanan Sanjeevraja Date: December 13, 2013 RE: European Banking Union (EBU) Suggestion: Good Morning Mr. Chancellor. Let me start by paying my respects to you and through you to. Mr. Chancellor, Financial Times, London reported that EU sets out framework for Banking Union but several EU finance Ministers raised strong objections. In my opinion, banking union is necessary to ensure the future resolution of failing banks within the EU and it is intended to restore confidence in banks all across the eurozone. There are too many undercapitalised institutions in the European market. Thus, there are too many problems in the European banking sector. For instance, increase in non-performing loans of banks, too large banking sector in small eurozone countries, high public debt through bank bailout and great linkages in European banking the risk of spill-o
My mission is to helping global leaders to understand the forces of transforming the global economy, industry and finance to improve overall economic performance and work for better international policies since 2009. My work is to provide international leaders in economy, industry and finance with the facts and insights on which to base policy decision. In addition, addressing international conflicts by using paternalistic theory consistently with sound arguments from 2009 to September 2023.