Again, we don’t pass judgement on political outcome or political risks. Politics are fragile all throughout Europe in all countries, large and small, and this is because of the crisis. The crisis has shaken the foundations of our societies, in particular through high unemployment everywhere. And politics are now fragile.
So the only advice we can give because we are not  2  BIS central bankers’ speeches  a political institution is to design and implement reforms that can restore growth and create jobs, that’s the only way to make politics more solid. You mentioned labour market policies. What specifically would you like to see?