At present, a focus has been on rehabilitation of Spanish financial institutions that shoulder a large amount of nonperforming loans, and, in June, the Euro members decided to provide financial support in the maximum amount of 100 billion euros.
In the case of banks, this calls for the possibility to recur to public backstops, and in a Union like ours also a supranational one, in the presence of systemic risks and risks of contagion. This is something that still differentiates, contrary to a new apparently established belief, banks from enterprises operating in different industrial sectors.