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Officials say this would violate the EU's treaties and, even if these could be bent, the German constitutional court would not wear it.Thus a curious battle over terminology: the European Commission wanted a centralised resolution "authority"; leaders spoke of a "mechanism"; and Germany proposed a looser "network" of national resolution authorities and funds (yet to be created).
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Shortcomings of centralised architectures are highlighted and a solution using a de-centralised architecture proposed.
The authors suggest that a centralised database would in itself act as a driver towards a resolution of these sorts of problems; I suspect that this would only be the case if the data standards and relevant software were of a high enough initial quality to overcome the reticence of the community.
It envisages a centralised state.
Only the centralised party organisations.
Its centralised system of control stifles innovation.
There will be no centralised PE strategy.
But would yet more centralised policy help?
Labour has wasted money on centralised services.
Methodists also had a centralised system.
God save us from anodyne centralised rubbish.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com