A group of German economists signed a manifesto against the development of a banking union. This is a response by 100 economists who argue that a banking union is necessary to save the common currency as well as the general integration of Europe's economy. It seems as if economists differ in the strength of their support for European integration. Economists with a stronger nationalistic philosophy oppose banking integration and those who favor integration believe that it is necessary.
This is a translation of the original article that was in German.
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