Trichet: When we decided to have a single market with a single currency, we created a strong interdependence. If a member gets into difficulties – despite the surveillance which was supposed to be exercised by the other governments – it is the responsibility of all other countries to oversee the fiscal and economic adjustment.
BIS Review 34/2010  1  And while it may make some of the largest banks uncomfortable to hear this, regional and community banks have managed all this while operating at a competitive disadvantage.