Considering all the legal and technical complexities of such a move in a cross-border context, the only efficient way to do this is to have a single authority taking the lead and relying on national resolution authorities as its agents. Certainly, a lot needs to be done to set up an integrated European resolution regime like this.
Domestic wholesale prices are declining somewhat mainly due to the decrease in prices of electrical machinery, although the rise in crude oil prices was passed on to the prices of petroleum products. Consumer prices continue to be somewhat weak owing to the decline in prices of other imported products and their substitutes, despite the increase in prices of petroleum products.