The following video is part of our "Motley Fool Conversations" series, in which senior analyst Anand Chokkavelu, CFA, discusses topics across the investing world.
As the European debt market drama continues, the EU's executive arm has thrown out the idea of a "banking union." In other words, the emergency fund the 17 eurozone countries share would be used to bail out banks directly rather than going through the banks' home countries. The tweak would theoretically lessen the negative effect bank bailouts have on their home countries' sovereign debt. It's not a brand-new idea and it isn't a cure-all, but in the video below Anand explains why he's for this type of cooperation.
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