Contributor(s): Dr Daniel Gros, Professor Charles Goodhart, Professor Michael Haliassos | Dr Daniel Gros is director of Centre for European Policy Studies, Brussels. Professor Charles Goodhart, Emeritus Professor of Banking & Finance; director of Financial Regulation Research Programme, LSE. Professor Michael Haliassos is chair for Macroeconomics and Finance, Goethe University Frankfurt; director, Center for Financial Studies, Frankfurt.