In order to support the conduct of the single monetary policy and the smooth functioning of the monetary union, in order to ensure and better coordinate the implementation of sound, sustainable and consistent national fiscal policies, and in order to foster higher output and employment growth, an economic policy framework is necessary.
In total, more than 3 million auto and student loans to households have been facilitated through the TALF as well as nearly half a million loans to small businesses and millions of credit card accounts to both consumers and businesses.