We have been painstakingly rebuilding institutional reputation and working hard to ensure that the banks continue and complete the frustratingly time-consuming process of ensuring the repair of the balance sheets of their borrowing customers.
In this respect, when looking at the euro area as a whole on a consolidated basis, current fiscal budget plans are not sufficiently ambitious in view of the favourable economic prospects. Let me now give the floor to the Vice-President to say a few words about other issues discussed by the Governing Council.