A simple measure of the intensity of the geographical scope of foreign activities is the total assets held by banks outside their home country and/or world-wide assets held by intermediaries in their balance sheets.
We would adjust our guidance; and we may have to do it at some point. Would that be after March? I don’t know. It’s a thought process and it’s very much data driven. What tools does the ECB actually, or could the ECB, deploy to counteract this slowdown?