In principle, the tri-partite structure of three working groups encompassing basic science, adaptation and economics should produce a relatively coherent whole - more so, and with a more impressive imprimatur, than if each were assessed on its own, perhaps against the backdrop of turf wars.
While markets may be having adverse short term reactions to Dijsselbloem statements in light of how badly the Cypriot deals were managed, theprincipleof a European Wide resolution regime have been in situ since a European Commission working paper was published in January 2011.