The other side of banking union is the pooling of national resources to rescue any bank, anywhere in the eurozone, that is close to collapse (or to close down the relevant bank if that seems the better option).
The practice of pooling resources this way dates as early as Roman times when people formed burial clubs to pay funeral and living expenses for member families.
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The Latinos' way to a better life is to set up small businesses and buy their own houses (often by pooling the resources of their extended families) rather than relying on the public sector.
The hope is that pooling the expertise and resources of 11 institutions will make that more attainable.
An agreement in principle has been reached for eurozone banks to be policed by the ECB and - ultimately - supported and quarantined in the event of crisis through the pooling of "resolution" or rescue resources.
It's one reason why big pharma is finding research tough going, why there are doubts about the ability of HTS to deliver results, and why the industry is pooling resources in this way.
Instead of pooling their resources, the two have often worked at crossed purposes.
The bargaining power of these countries will increase and they will be able to resist the Americanization of South Asian cultures, by pooling their resources to develop a huge cultural base that portrays Asian values.
The Conference proposed a number of strategies including training and pooling of resources by media houses to cover complex and time-consuming stories.
More informed decision making promises to help save substantial amounts of money each year by pooling resources in the vehicles that offer the best value for the taxpayer.
In other words, they are a sort of savior-entity attempting to address the issue of scarcity and resource depletion by rescuing Earth (and Mars, as well as many other planets) from self-destruction by pooling our resources with a potentially unlimited number of other planets throughout the universe.
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Banking scholars also argue that Islamic law blocked indigenous financial modernization in Muslim countries because of an inheritance system that restrained capital accumulation, inhibitions on pooling resources that discouraged investment diversification, and a traditional aversion to the concept of legal personhood for corporations, which hampered the development of financial entities.
Resource pooling is the ability of a cloud to serve multiple customers using a multi-tenant model with different physical and virtual resources dynamically assigned and reassigned according to demand.
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