The global crisis has underscored the importance of reforming the governance structures of Bretton Woods institutions – the IMF and the World Bank, so as to give representation to EMEs commensurate with their growing share in the global economy. These reforms are central to the legitimacy and effectiveness of these global institutions.
The Governing Council calls on banks to take appropriate measures, where necessary, to strengthen further their capital bases and take full advantage of Government measures to support the financial sector.” Are you satisfied with the improvement going on? “It is a process which goes on, but that we strongly encourage.” “The ECB has financed the banks with around 600 billion euro.