14 Smaghi, B. (2018), Financial Times Op-Ed “European banking union needs its final leg”, 21 October 2017. 15 Carmassi, J., Dobkowitz, S., Evrard, J., Parisi, L., Silva, A., Wedow, M. (2018), “Completing the Banking Union  with a European Deposit Insurance Scheme: who is afraid of cross-subsidisation?”, ECB Occasional Paper 208, April.
This has presented enormous opportunities for Australia and, by and large, we have been adaptable enough to seize the chances offered. But it still has not completely dispelled the tyranny of distance.