We think that the Central Bank is in an ideal position to spearhead this initiative because the confusion between information and advertising does not arise; because we have the credibility to provide unbiased and impartial information; and because, with our overview of the monetary system, we are in the best position to see the gaps and problems in the market.
Even worse is the fact that, following the problems that those countries are experiencing now, the credibility of the Stability and Growth Pact and the whole institutional framework is constantly undermined either by calling into question sensible rules or by resorting to creative accounting.