Now, a partly different thing is about the Emergency Liquidity Assistance. I have expressed in the European Parliament a view that I share with many Governing Council members and many board members, but it’s not something that can be implemented immediately.
Public authorities can facilitate improvements of this kind by removing obstacles to a more productive private sector. In the EU, such obstacles are largely related to national boundaries and to regulation of private businesses. Policy measures that promote competition and economic integration within the EU can significantly enhance productivity, employment, and economic growth.