The recent past has been a challenging time for both the bankers and the MSME sector due to recession in many countries of the globe and depreciation of the rupee. The recession has led to slowing down of the global demand for goods and services. But I would urge upon the entrepreneurs to tap the huge demand in the local markets.
To understand how a European Banking Union can succeed we need to understand how we are now addressing all root causes of the sovereign debt crisis across countries and completing EMU’s architecture.2 I will now address the following two questions, while offering some reflections along the way: •  What is being done to fix the root causes of the crisis?