Increasing the primary surplus, either by cutting expenditure or by increasing – in certain cases by starting to pay – taxes, has in most cases less damaging effects on the economy and on citizens’ well-being than a cut in the value of their financial assets. To sum up, consolidating public finances is painful economically and politically, but the alternative is worse.
By bringing people to financial 4  system, we believe it will support financial stability. First, it will increase the resilience of financial system through the increase of financial buffer from the retail deposits. Second, with expanding financial access to retail sector, for both saving and borrowing side, it will diversify liquidity and credit risk.