On February 26, I gave a testimony to a joint session of the Committee on European Affairs, the Committee on Budget, Finance and Public Administration, and the Committee on Economics and Public Works of the Portuguese Parliament (Assembleia da Republica) in Lisbon. The text of my testimony was just published by the Peterson Institute, available here (and also here if the previous link does not work).
The testimony is both backward-looking and forward-looking. It established the key importance of banking dysfunction and banking union in the broader sequence of the European financial crisis since 2007; describes the long-term policy challenges of completing Europe's banking union; and formulates specific short-term recommendations on the crucial comprehensive assessment and repair process of European banks in 2014, led by the European Central Bank and otherwise known as Asset Quality Review.