What a European Banking Union could do for the future of Europe The proposed European Banking Union is considered key in preventing any future financial crisis. How will it work, what impact will it make on the banks and how will it effect you? In this edition of Real Economy Sharon Bowles, Chair of the European Parliament's Economic and Monetary Affairs committee spells out the pros and cons of such a union. Economists voice their opinions while the programme takes a trip back in time to Portugal to see if a European Banking Union could have helped ease the trauma of the financial crisis for people there.