It was your desire to convey the Bundesbank’s positions on issues of monetary policy and stability policy in your region. I’ve heard that you would, ideally, have left no invitation to an event unaccepted. And that certainly kept your team here on their toes.
Graph 6 Business Credit by Source January 2006 = 100  Since the global financial crisis, the inevitable correction has occurred. Business credit has fallen and those lenders that expanded the most have since contracted the most. Similarly, sectors such as commercial property that increased gearing the most have since experienced the sharpest increase in problem loans and the sharpest contraction in credit.