What is the three-pronged approach to organizing a banking union? ...

[meagbuch]

What is the three-pronged approach to organizing a banking union?
 
  What will be an ideal response?

Question 2

What is the doom loop responsible for the rapid development and severity of the 2009 euro crisis?
 
  What will be an ideal response?

[Brenm]

Answer to Question 1

Centralize financial supervision, create a deposit insurance fund, and provide mechanisms for the resolution of insolvent banks within the euro area.

Answer to Question 2

The doom loop refers to the feedback loop that runs from private bank distress to central bank distress to further private bank distress and so on, increasing in magnitude as it goes. During the euro crisis this process was evident in several euro zone countries.

[meagbuch]

Thanks for the timely response, appreciate it

[gcook]

Excellent