This has led to a rebound in manufacturing output from the first quarter of this year, and some analysts say this illustrates clearly that there were also benefits associated with the strengthening of the rand. Benefits that could last for a long time, rather than the short-lived relief of external price adjustments. 6.
Only the systemically important banks, or all of them? •  How will the banking union include countries that are not part of monetary union but are members of the EU and, therefore, of the single market? •  How will the common resolution and restructuring mechanism draw on taxpayers’ money?