If decision-makers can ensure that all countries emerge from the crisis stronger, with more modern and dynamic economies, the recovery will be stronger and more sustainable. This would reduce the burden on monetary policy and the need for further easing of the policy stance. 2/2  BIS central bankers' speeches
These are important steps forward as euro area firms rely to a very large extent on bank credit to finance growth and investment. Let us also keep in mind that these measures build on the achievements of ten years of financial regulatory reform, which should not be reversed. So what more should be done at the European level?