The SSM should now be complemented with a Single Resolution Mechanism, with a single Authority and a common financial backstop, and at a later stage by a single deposit guarantee scheme. The establishment of the SSM is an important step forward, but potential growth-enhancing policies should also be implemented. The agenda for structural reform must be implemented with renewed impetus.
The Intergovernmental Panel on Climate Change (IPCC) publishes reports on scenarios that will happen if we fail to lower our emissions. From the most recent special report, we learned that the Arctic and polar areas will experience considerable transformations as glaciers melt at an increasingly faster rate. The melting creates a massive amount of meltwater, which will have significant impact on rising sea levels.