Nevertheless, in order to fully resolve uncertainty over the medium term prospects of the economy the Greek authorities alongside with our European partners should clarify both t h e type of post-programme surveillance and whether any post-programme support arrangement would be available after the completion of this programme in August 2018.
In carrying out this task, central banks seek to minimize systemic risk, that is the risk that the failure of any payment system participant could result in other participants being unable to meet their obligations, leading to a potentially disastrous chain reaction of failures. Minimizing systemic risk in payment and settlement systems is not only an objective in itself.