It appears that there are at least three types of interpretation.8 According to the first interpretation, the EU should expand its region-wide infrastructure investment by issuing project bonds and more actively utilizing EIB and EU structural funds to mitigate the adverse impact of fiscal austerity measures adopted by a number of member countries.
The Reserve Bank has taken steps over the last year in this direction, with a focus on reference to the IBC of certain large value stressed accounts, covering approximately 40% of banking sector’s overall exposure to the stressed assets. 5/8  BIS central bankers' speeches  2.