As regards the banks our message is: do not forget that what we are doing ourselves is to permit you to finance the real economy and do your job. Are they frightened about this financial crisis or still have lots of toxic assets on their balance sheets?
After every recession – we avoided a depression but we had a sharp recession – we observe that there was a period of decreasing outstanding credit to the  BIS Review 55/2010  1  private sector. As a rule, recovery of credit has always been more rapid for the households than for the corporate business.