The Struggle To Find A Solution To Banking Problems in Europe

This article focuses on Spain, and eventually Italy, which have problems in their banking systems, and national governments that do not have the resources to deal with the problem.  Eurozone leaders are dealing with two sets of problems.  They recognize the need for a more integrated financial system, but they are concerned about the problem of making money available to states, without more control over their fiscal policies. We have a problem of the chicken and the egg in Europe.  Which should come first, fiscal integration or financial integration?