One important lesson of the crisis is the need to take a systemic view of measures aimed at financial stability. Measures that enhance the stability of a single institution could be inimical to the stability of the financial system as a whole

One important lesson of the crisis is the need to take a systemic view of measures aimed at financial stability. Measures that enhance the stability of a single institution could be inimical to the stability of the financial system as a whole.

This background report supports the aim of the European Commission to establish a better understanding of drought impacts and risks for different sectors of society, raise awareness amongst all water stakeholders regarding the increased risk of drought due to climate change, exchange information...