In the household sector, private consumption has increased moderately, particularly for services consumption, with the employment and income situation having improved moderately and with support from pent-up demand.
* * * Since 2014, we have made huge steps towards establishing a truly European system of banking supervision and embracing a common supervisory culture. Does this mean nothing more needs to be done? Not quite. For a fully-fledged common culture you need to have three things: First, you need a truly unified legal basis.