For instance: •  employees who are not pre-occupied with pressing day-to-day financial problems are more likely to operate at higher levels of productivity which certainly benefit their employers;  •  better informed consumers of financial services could foster competition among financial firms, contributing to improvements in service quality and cost;  •  there is no doubt that improved financial literacy bestows significant benefits to the financial sector as it facilitates more informed choices by customers.
Moreover, the focus of the ECB’s interventions was to adjust aggregate liquidity conditions so as to continue to deliver the desired monetary policy stance and to provide support to the money market and banking sector from a systemic perspective rather than with the purpose of supporting specific institutions in trouble.