Its benefits (such as the availability of goods and services at a low cost, the impetus to growth coming from emerging countries' demand) are widespread; therefore, in spite of their being vast and pervasive, they are barely noted and almost taken for granted.
The handling of banking crises will involve numerous national and European institutions participating in the context of a Single Resolution Board. Provision is made for recourse to a fund made up of contributions paid in by the banks themselves. Even though the decision-making process appears complex and the pooled resources limited, the compromise reached is a further step towards the completion of Banking Union.