In the process, in the European Union (EU), mainly in Southern European countries, financial contraction, fiscal austerity, and economic stagnation occurred simultaneously, and an adverse feedback loop has been formed among the three. That adverse feedback loop is the essence of the European debt problem and when and how the loop can be cut off are the key to solving the problem. II.
It may be clear that this is a comprehensive operation for the international banking system. In our country, the scope of the supervisory legislation will be extended to include trust offices and special financial institutions. The existing legislation, such as that governing the disclosure of unusual transactions, will be adjusted as well. These measures all serve to safeguard the integrity of the financial system.