We are the European Central Bank, and so our focus is the euro area as a whole, not the concerns of any particular country. And we can only address issues that fall within our mandate to maintain price stability. Within these constraints, we have acted to reduce financial fragmentation in two key ways.
First, we have taken measures to reduce divergence between countries caused by bank funding risk. We have provided unlimited liquidity to banks in need at fixed interest rates, extending the maturity of our operations up to 3 years. We have allowed national central banks to tailor collateral rules to national conditions.