In other words, we strive to ensure that lenders are appropriately mitigating the risks inherent in mortgage lending. Unfortunately, there are few countries that have a worse experience than Ireland of the economic and human costs that arise when these risks crystallise.
Jean-Claude Trichet: Inauguration of the “Euro exhibition” hosted by National Bank Slovakia Speech by Mr Jean-Claude Trichet, President of the European Central Bank, at the inauguration of the “Euro exhibition”, hosted by National Bank Slovakia (Národná banka Slovenska), Bratislava, 21 September 2008. *  *  *  Ladies and Gentlemen, It is a great pleasure for me to welcome you here today.