In 2005, for example, a project was awarded to the well known Kiel Institute. The aim of this project is to develop macroeconomic stress tests in order to prevent systemic risks in the financial system.
If starting positions differ so much, a stabilization fund might not result in fair risk sharing, but in a permanent one-way transfer system. Therefore, any further increase in public risk sharing should be accompanied by stronger risk reduction. That would restore the balance between liability and control.