The agenda is a preemptive and proactive measure to prevent a systemic crisis and collapse of the banking industry, and permanently stop the boom and burst cycles that have characterized the history of the industry.
This means a fiscal union and a financial market union (banking union) as well as a democratically legitimised political union. My first ideas on this are: i) In the area of financial market union, Europe is facing two central challenges: First, the close financial links between banking sectors and public finances in an environment of slowing growth has often led to a downward spiral.