A robust financial system is therefore needed to ensure that the single monetary policy can deliver on the primary objective of maintaining price stability in the euro area. Finally, but not least, the health of the financial system is inextricably intertwined with the performance of the economy and its resilience to shocks.
This has resulted in domestic banks de-risking some local clients in what are considered high risk industries. We assess the phenomenon in the context of the national and regional discussion about legalising cannabis for medical purposes, and the problems that it poses for gaming 2/3  BIS central bankers' speeches  businesses. After government’s recent debt restructuring, we must reform the securities market.