I recognize that this is not a trivial matter, and I sympathize with the challenges you face in deciding which investments and upgrades you should make to your systems and personnel. When it comes to Basel II, we recognize that certain details relating to systems and processes will depend on what the final U.S. rule and guidance contain.
Finally, let me emphasise that the Treaty, reinforced by the Stability and Growth Pact, contains important provisions to facilitate the co-ordination of economic policies and ensure sound public finances. The EU countries must regard their economic policies as a matter of common concern.