In this respect, achieving the objective of the “Konvent für Deutschland”, which is to enhance the ability to make reforms in Germany, is urgently needed. This brings me to the issue I should like to address today, namely that of European economic and financial integration.
The Government also introduced the Personal Insolvency Act 2012, which introduced three debt resolution processes: A Debt Relief Notice, A Debt Settlement Arrangement and a Personal Insolvency  The Banking Crisis – A Decade On  Arrangement. The Insolvency Service was established in March 2013 as an independent statutory body. The Government also introduced a national mortgage-to-rent scheme.