In theory, with no Italian state aid approved by the Commission and the Italian banking situation deteriorating, the Commission can work with the Single Resolution Board and adopt a resolution scheme in less than two days. It is suggested that the EU 's future could hinge on the resolution of what most believe is an upcoming Cypriot banking crisis, with Italy at the forefront, as the outcome could fuel populist movements to call for an increase in member states' powers. According to EU , several key issues inhibit the EU from managing crises effectively and efficiently; secondly , it has evolved without developing crisis management tools or processes thereby slowing its response to challenges daily ; and secondly , the sizeable administration in Italy has been slow to issue increasingly complex regulations, resulting in confusion and leading to resistance and mistrust in regulatory reform.
It is suggested that the EU 's future could hinge on the resolution of what most believe is an upcoming Cypriot banking crisis, with Italy at the forefront, as the outcome could fuel populist movements to call for an increase in member states' powers. According to EU , several key issues inhibit the EU from managing crises effectively and efficiently; secondly , it has evolved without developing crisis management tools or processes thereby slowing its response to challenges daily ; and secondly , the sizeable administration in Italy has been slow to issue increasingly complex regulations, resulting in confusion and leading to resistance and mistrust in regulatory reform.