It is suggested that the EU's future could hinge on the resolution of what most believe is an upcoming European banking crisis, with Italy at the forefront, as the outcome could fuel populist movements to call for an increase in member states' powers. The EU has been struggling since 2008 to find a way out of its debt crisis and economic malaise.
It is suggested that the EU's future could hinge on the resolution of what most believe is an upcoming European 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 Geopolitical Futures, several key issues inhibit the EU from managing crises effectively and efficiently; firstly, it has evolved without developing crisis management tools or processes thereby slowing its response to challenges since 2008; and secondly, the sizeable administration in Brussels has been slow to issue increasingly complex regulations, resulting in confusion and leading to resistance and mistrust in regulatory reform.