The future will no doubt bring further challenges. As concerns the authorities, we will continue to be alert and vigilant, as in the past. And our 330 million fellow citizens in the euro area will surely not tolerate a relapse into excessive risk-taking at the taxpayer’s expense. Therefore, the financial sector has to secure its future in a responsible and sustainable way.
Our response has strengthened international cooperation and instilled confidence that together we can secure the financial stability of the world and achieve sustainable economic growth. Towards this objective, a number of significant and concrete steps have been taken, an important one being the substantial strengthening of the Fund, including refinements in its surveillance, the expansion of resources and the improvement of lending facilities.