A second issue relates to transparency and fairness in dealing with customers. As we develop as a society, financial transactions can tend to become more complex and opaque—sometimes you get the impression that you need to enlist a Senior Counsel to get you through the fine print of the contract for setting up the most basic savings account!
Policy options  A major dispute regarding policy options is the question of which group of countries has to adjust. In an asymmetrical approach only the deficit countries would act while a symmetrical approach would require economic policy in both deficit and surplus countries to adjust. As I just argued, the deeper causes of the imbalances are domestic factors within the deficit countries.