BERLIN, April 11 (Xinhua)– After the Cyprus Crisis, some experts called for the euro zone to establish a banking union as soon as possible in order to rescue the bank directly, but Professor Markus Kerber, founder of the German think tank Europolis, said, to achieve this strategy, Europe should first clear up the larger problem banks, otherwise it will face hidden dangers.

According to the European Union resolution in June last year, when the single regulatory mechanism is established, the European Stability Mechanism (ESM) will be allowed to directly subsidize the banks on the verge of collapse.

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