In addition to uncertainty, forecasts might be subject to upward or downward risks. That is, realised data might be more or less likely to come in above the point forecast than below the point forecast. Information about risks can be of great relevance to decision-makers.
Where we stand: a Banking Union under construction Today, we stand on undeniably stronger ground than we did before the onset of the international financial crisis, but which is still insufficient to break the bank-sovereign nexus and safeguard the existence of a genuine European financial market.