Public money, either from national governments or from direct European recapitalisation of banks, can only be used at the very end of the process which, in practice, should happen exceedingly rarely. Bail-in of shareholders and creditors plus the use of the Resolution Fund should in most conceivable cases, be enough to ultimately cover for the losses incurred by the bank.
The lesson we have drawn from our experience of the last few years is that we had the capacity to decide. We have a Governing Council with 19 Governors and six Board Members and we could make a decision. We could act when it was needed. We never had a paralysis problem or a chaotic decision-making process.