6  BIS Review 86/2008  References Greenlaw, David, Jan Hatzius, Anil K. Kashyap, and Hyun Song Shin (2008). "Leveraged Losses: Lessons from the Mortgage Market Meltdown", presentation delivered at the U.S. Monetary Policy Forum, New York, February 29. Warsh, Kevin (2008).
Much can be done also at national level, without having to change the Treaty or EU secondary law. For instance, the introduction of debt ceilings into national legislation that are consistent with stability programmes approved by the Council would arrest excessive debt growth even before EU procedures were initiated.