There also has to be confidence in financial institutions and financial policies. Poorly run companies with weak balances sheets and cash flow profile will not attract investors. Moreover, they will cause confidence in well-managed firms to fall. Where poor decisions lead to financial losses and collapses in one subsector, because of the high level of financial integration, the consequences can be widespread.
Policy directions This brings me to the second reason why I am convinced we are up to the task – Ladies and gentlemen, we are focused on our reform agenda.