It was certainly not flattering to any of you to learn that a number of your bankers may have fallen prey to the Ponzi Schemes – we cannot put this on their financial illiteracy, can we? It is rather a worrisome fact.
I will not go into those matters here, but all in all it is to be expected that, while designing and adhering to such a road-map is surely necessary to rebuild both market and especially intergovernmental confidence, it may take time for market yields to converge to the extent desired.