Also, according to the Tankan, for the first time in about 10 years, the number of enterprises answering that the output prices have risen has been exceeding the number of those answering that such prices have fallen (Chart 6).
Europe needs to move towards a “financial union”, with a single euro area authority responsible for the supervision and resolution of large and complex cross-border banks. This authority should also be responsible for a euro area deposit insurance scheme. With bank resolution and deposit insurance funded primarily by private sector contributions, taxpayers would be shielded from picking up the bill for future banking crises.