We note, however, that significant benefits in this regard are likely to require a substantial range of premiums but that the FDIC has concluded in its report that premiums for the riskiest banks would probably need to be capped in order to avoid inducing failure at these weaker institutions.
The sovereign debt crisis meant that the cyclical recovery took much longer to manifest itself: real GDP only returned to its pre-crisis peak level in 2015 but the economic expansion has been robust and broad-based since and looks set to continue. The unemployment rate is on a downward path, although it has not yet reached its pre-crisis level.