“The European Central Bank is considering an increased supervisory role in the financial sector in Europe, ECB President Jean-Claude Trichet said on Friday” reports Forbes.com.

The European Union members are now at a crossroad and depending on what direction they take from now on, the crisis will continue in one direction or another. The European Union was meant to bring the member states closer together, but as can be seen in this situation, the truth is far from it. The British debate back and forth on whether their coutry not adopting the Euro was a good thing or not and whether it should or not join the Euro now. This case illustrates how member states have differentiating opinion and interests. Unfortunately, such divided opinion will make it harder for both politicians and government bodies to steer this crisis.