We believe that macroeconomic stability is number one priority, and, as in Serbia we have kept it, we can now go further with the reform agenda. Thank you. 3/3  BIS central bankers' speeches
Facilitating bank failures Between 2008 and 2012, spurred by the crisis, we saw more than four times as many US banks fail than EU ones. That was not because European banks were healthier than their US peers. The fact that only a few European banks failed during the crisis was not proof of their resilience either.