The Commission has released a communication titled Action for Stability, Growth and Jobs (communication). in this communication, the Commission indicated that it will initiate a process to "map out the main steps towards full economic and monetary union (including), among other things, moving towards a banking union including an integrated financial supervision and a single deposit guarantee scheme". As part of this plan, the Commission stated "To ensure that the private sector pays its fair share in any future bail outs, the Commission will propose legislation in June on a common framework for the recovery and resolution of banks and investment firms. This will provide a set of tools allowing for the managed resolution  of systemically important institutions where necessary."