The proposed structure will provide a secure home for Anglo’s depositors, insulating them from the process of running-off the loan assets over time. The Government has asked the Central Bank to determine the appropriate levels of capital needed in the two institutions into which Anglo is being split.
It is also important to stress that the introduction of the euro must not give rise to complacency. In order to ensure that convergence is sustainable and that the Slovak people can reap the full benefits of euro adoption, the Slovak public authorities will need to pursue ambitious economic policies on all fronts.