In reality, many of the lawsuits brought up against debtors do not intend to force enterprises into bankruptcy but rather to either increase the pressure for the enterprises to honor their debts or provide an opportunity for enterprises to restructure.
Together with national BIS central bankers’ speeches  1  and European policies – above all the monetary policy measures decided by the Governing Council of the ECB – the SSM is contributing to the normalization of credit conditions for firms and households. The important steps already taken need to be followed by further progress on several fronts.