Under  7  Any direct or indirect pressure to favour government debt securities, or a perception in the market that a government with an unsustainable debt position would be bailed out, would inevitably introduce pricing distortions, thus impairing the role of the markets as a disciplinary device. The Treaty explicitly recognises the importance of these issues in Articles 101-103.
BIS Review 41/2006  5  these circumstances, market forces ultimately lead to funds being allocated efficiently in the most productive manner, with proper account being taken of risk.