They have been able to do this because of their own balance sheet strength, something which is clear from the analysis in the Bank’s recently released Financial Stability Review. While some of their customers have been excluded from capital markets of late, banks have themselves been able to access segments of the capital markets in sufficient quantity to keep their balance sheets expanding.
Axel A Weber: The euro – opportunities and challenges Speech by Professor Axel A Weber, President of the Deutsche Bundesbank, at the Ragnar Nurkse-Lecture, Tallinn, 7 February 2011. * 1. *  *  Introduction  Ladies and gentlemen First, I would like to thank you for giving me the opportunity to speak here today.