Is what is appropriate after most of the stock has vanished, more appropriate today? All these decisions are influenced by history, and you imagine the difficult debates you have among nation states to harmonize any of these areas at European level. But it is not only history. It is also the diversity of economic thinking.
The setting-up of the SSM has taken banking supervision in the euro area to a new level – not just institutionally but also in the goals we set for ourselves and the supervised banks. My heartfelt wish is that we continue to aim for those goals.