-let & # 183;SaNi-FeiLi | the skin to solve the euro crisis of a new method is established European bank alliance, it is advisable.The European monetary union established in at the beginning of the two big props.The core of the monetary pillar is to stabilize prices have independence, the aim of the European central bank;And the core of the budget pillar is to ensure that the fiscal discipline of a series of regulations.Both apply to all eu member states, no matter whether it is to join the euro zone.In addition to the two big pillar beyond, the European monetary union in the financial sector has not taken other measures.The European central bank stability of the financial market of ability is limited.Encounter after crisis, the basic monetary union is completely exposed the limitations of.First of all, as the common currency of financial market integration based began differentiation.In the stable period, bank of national boundaries between doesn't seem important自動化設備, however, once the crisis, only to have their own government positions in the necessary help city, so countries rely on their own government in succession to the bank.Now, governments increasingly encouraging domestic Banks cut multinational lending, will withdraw the domestic business.From the perspective of this practice can countries understand, with what let taxpayers to foreign customers to take the bitter legacy of the unwise loans?But, it led to the differentiation of the euro zone.Capital was in monetary union shall be the internal each area, also is the free flow between countries.Results the eurozone unexpectedly produced the international balance of payments crises.Second, in Greece, Ireland, Spain and Italy and other countries, sovereign state the solvency of the problem has got the solvency of the Banks, and vice versa.Reason is that Banks hold a lot of its national debt, and governments shall be responsible for the rescue headquarters is located in the full of their Banks.It is buried the vicious circle of hidden trouble, because European central bank can't, also impossible to obtain the authorized aid specific countries, therefore unable to stop these hidden trouble.In the European Union bank means level responsible for deposit insurance, banking supervision and resolve the crisis, will help to make the European monetary union cheer up, while strengthening financial integration process, reduce sovereign state and bank solvency crisis interaction between the potential risk.Therefore, the proposal sparked widespread interest.But, form a bank alliance is not going to be easy.First of all, if we can't get any financial support, the European deposit insurance function little effect, can deal with small crisis, once happened more than bank deposit insurance fund scale of large crisis, the helpless.And, as long as the deposit insurance in the whole European level can implement, regulatory measures must be followed, or regulatory authorities will have all the great cause of local Banks to ignore the great risk.Second, European bank alliance can guarantee limited range.European deposit insurance can't control the risk of exit the euro zone.Even if the relevant bank credit business to adopt other currencies, bank account will keep its euro value, so need to provide a large subsidies.Third, the euro area is only part of the European Union, the European Union's financial center London not the euro.Previous to the eurozone always British indifference, now, British prime minister Cameron think stop the euro zone with the British national interests disintegration of bank inveterate throwaway alliance.But the devil always in the details, will want to bank alliance positioning and the European Union rules of a single market of interaction between the negotiating, future steps to run.Finally, any insurance mechanism have the distribution of the deviation.The bank system is very strong country of course not willing to subsidies weaker countries.Indeed, it is difficult to predict in advance which is strong weak, global outbreak of a series of bank crisis tell us, the rich and poor state may also dangerous.But, in the short term to aid the Nordic countries to Spain, the latter of the real estate crisis is still serious consequences.Eventually, related to the survival of the euro, may be worth countries change attitudes.But this is not only by the spat to be solved.Could Europe grit your teeth and bear it over the difficulties?Previously, many factors that Europe union bank are slim.Recently, developments in the eurozone and market consciousness to the euro may be hanging by a thread, this may make European leaders change ideas, support form a bank alliance.These people can't the mighty, have been dragged to the life and death, this is not the first time.But, before they have finally made the right decision.The authors make & # 183;Skin SaNi-FeiLi (JeanPisani-Ferry) for European policy think-tank, director of the research center of philosophy