In this paper the author investigates the costs and benefits of joining the Banking Union by non-euro area Member States of the European Union (EU). By critically analysing the institutional design and legal framework of the Banking Union, the author attempts to define the role of close cooperation arrangement in furthering integration within the single financial market. In doing so, the author analyses the prospects of the remaining non-euro area countries joining the Banking Union drawing on the lessons learned by Croatia and Bulgaria.
Kajetan Aleksander Sitko
Banking Union European Integration Single Market