The European crisis was much costlier than it should have been, in social terms, owing to failure both on the part of institutions and in terms of crisis management. Now we are preparing the banking union, which includes a Single Resolution Mechanism, and we are trying to catch up institutionally. I think that was the hard lesson we learned in Europe.
An even larger share of women with children under five were primarily engaged in childcare. Many women with children tend to cycle in and out of employment based on their family’s childcare demands. Women are significantly affected by the summer childcare burdens of families with children.