The pressure on the krone gave us an opportunity to demonstrate, once again, that this policy is not up for discussion. Denmark’s overall economic policy is aimed at supporting the fixed exchange rate policy, and we have the means and the will to defend the krone. Even if the situation calls for extraordinary measures.
*** Finally, I would like to talk about what the new crisis management regime means for the mortgage banks. Basically, the Bank Recovery and Resolution Directive establishes a common framework for the resolution of credit institutions across the EU. The underlying philosophy is that losses should be borne by those who took the risks. In other words, owners and creditors.