Therefore, under a memorandum of understanding signed with the Ministry of Environment and Energy and the Academy of Athens, the Climate Change Impact Study Committee drafted in 2015 the National Climate Change Adaptation Strategy, setting out the general objectives, guiding principles and implementation tools for an effective and growth-oriented adaptation strategy, in line with European directives and international experience.
A banking union can very well be a major step towards breaking the link between banks and sovereigns – but by harnessing the disciplinary forces of the market, not by doing away with them.