Danmarks Nationalbank firmly believes that both credit institutions in Denmark and the Danes in general have an interest in participating in the Banking Union. Together with the Danish mortgage credit sector we should knock on the front door of the Union. The Banking Union aims to provide security for citizens.
Was the wait due to disagreements on the Governing Council? You have to see this decision in the historical sequence of successive decisions taken by the ECB to deal with the crisis. The issues changed pretty fundamentally in 2013–14. In 2011–12 we were facing a crisis of fragmentation in the euro area.