After years of crisis fighting – with low growth, stubborn unemployment figures and increasing government debt levels, it is being discussed if central banks have come to the limits of their capacities and governments left to design and implement political difficult structural reforms?
One observation is that it is remarkable what the ECB has achieved in recent six months, fighting the European debt crisis by declaring what it intends to do under certain circumstances without actively having done it yet. The first workshop is about “bank resolution in a comparative perspective”. This is a very topical issue.