However, bearing in mind that banking sectors in new Member States represent a relatively small fraction of the total assets of euro area banking groups, such a potential contagion risk seems rather limited. VI.
Society has undergone irreversible change as it has adapted to the pandemic by expanding and accelerating digitalization. By building on our discoveries and experience during this health crisis, we should forge ahead and shape the new society and economy — the new normal. V. Conclusion Over the past 15 years, we have been through two global crises: the financial crisis and the health crisis.