Both the minimum balances and the “multiples” to obtain the Normal WMA limits, were revised upwards a number of times (though not necessarily at the same time) over the years. There have been strong demands from several States, from time to time, for upward revision of the WMA limits.
A cooperative stance that perpetuates the close links between our economies is now called for. And I hope that this will be the guiding principle of negotiations. 2. Major questions regarding Brexit This period of uncertainty is not the time for speculation, but for scenario-based thinking. And at the Bundesbank, we are looking into different scenarios and outcomes, especially for the financial sector.