On April 23rd 2013 Elcano Royal Institute hosted a major conference in its venue in Madrid. The Conference, organizaded jointly with Chatham House, provided in its first panel the Spanish view of the crisis with the participation of Rafael Domenech, Chief Economist for Spain and Europe, BBVA Research and Antonio Cortina, Deputy Director for Research, Santander Bank. The second panel focused on the Banking Union, including such speakers as Nadia Calviño, Deputy Director-General for Financial Services, Directorate-General for Internal Market and Services, European Commission and Íñigo Fernández de Mesa, General Secretary of the Treasury and Financial Policy, Ministry of Economy and Competitiveness, Spain. The final panel adressed the EU Political Union. Panel speakears included José Ignacio Torreblanca, Head of Madrid Office and Senior Policy Fellow, European Council on Foreign Relations, Ignacio Molina, Senior Analyst, Elcano Royal Institute and Iain Begg, Associate Fellow, Europe Programme, Chatham House.