I am thinking of, for example, the capital exercise of the European Banking Authority (EBA) and injections of public capital into banks in some euro area countries.
*  *  *  Introduction First of all, I should like to thank the Monetary Commission of the European League for Economic Cooperation for inviting me to address such a distinguished audience and to shed some light on trends, advantages and risks, or rather challenges, with respect to the international role of the euro.