This brings me to a second mindset I frequently encounter when discussing the future of the banking union. It concerns the idea of a trade-off between crisis mitigation and crisis prevention measures.
Other downside risks continue to relate to disorderly developments due to global  BIS Review 133/2008  1  imbalances and rising protectionist pressures, as well as to the possibility of renewed increases in commodity prices. With regard to price developments, annual HICP inflation has remained considerably above the level consistent with price stability since last autumn.