Finally, while I have talked about issues with the loans already on your books, it is especially important in this environment to be sure that you have the capacity to make – and are making – all possible loans to creditworthy borrowers. Making new loans and working out existing loans is hard work. It is even harder in stressed situations.
*  *  *  Introduction It is a pleasure to be here to give the opening address to this conference and to welcome you to Amsterdam. After only a couple of years, this annual conference has established a reputation for stimulating discussion on economic policy issues in Europe. This year’s programme looks set to further enhance your reputation.