Do you think it’s any wonder that voters are saying “no"? Of course, quick solutions to make reality meet expectations would be great. But, unfortunately, that is not possible. Easy answers are an illusion, because the gap between growth expectations and outcomes is real. The austerity measures are responses to this problem.
Another important pillar is the Single Resolution Mechanism. As you know, intensive talks in the form of EU trilogue are currently going on the issue. In addition, deposit insurance schemes will be strengthened and harmonised as part of the banking union in the long run. The Banking Union may also be complemented by structural reforms.