This gigantic support permitted to avoid a depression. It did not permit to avoid the deepest recession in the advanced economies since WWII. Our strong determination to make the financial system much more resilient, and much less fragile, is two-fold.
First, we must avoid in the future, as much as possible, the immense cost in terms of long-term economic growth of such a financial crisis. And second, if we had again, by misfortune, to cope with the same acute challenge, I am convinced that this time we would not obtain from our political democracies the same gigantic effort. Then a depression would be unavoidable.