4  BIS central bankers’ speeches  establishing new lending facilities for nonbanks, and providing funding to support the operation of key markets. Elsewhere, including Canada, the euro area, and the United Kingdom, central banks introduced similar facilities or expanded existing facilities to boost the provision of liquidity in their local currencies.
Thanks to determined actions by European institutions, expectations of a break-up of the euro are gone, so in this sense the crisis of the euro is certainly over. However, complacency would be totally misplaced. Debt is too high, both public and private; economic growth is too low; and unemployment is at an unacceptable level, in particular for the youth.