Banking union

Critically analyse how the implementation of the Banking Union (BU) project can contribute to weakening the sovereign-bank nexus in Europe. The origin of the strong interconnection between banks and their respective sovereigns in Europe (also providing insights on the possible measures to capture this evidence). The relevance of the topic and its implications (e.g. why is it a central topic within the current debate among researchers and policymakers?) The BU key milestones (e.g. Single Supervisory Mechanism, Single Resolution Mechanism, Single Deposit Insurance Scheme) and their underlying rationale and/or function. The writing should reflect the current status of developments. Benefits and shortcomings of the BU project.