In Germany, foreign banks and banking groups held around 20%  of the banking system’s assets at the end of March 2022. Sources: European Central Bank Consolidated Banking Data, Deut­sche Bun­des­bank Monthly Balance Sheets Statistics and https://www.ebf.eu/estonia/[https://www.ebf.eu/estonia/]. 27. See https://www.eestipank.ee/en/press/lessons-monetary-reform-we-again-needsolidarity-and-clear-goals-20062022 [https://www.eestipank.ee/en/press/lessons-monetary-reform-we-again-needsolidarity-and-clear-goals-20062022] . 28. See IMF (1996). 29. See Ghosh (1997). 30. See Ross (2010). 31.
*  *  *  Ladies and gentlemen, the Vice-President and I will report on the outcome of today's meeting of the Governing Council of the ECB. We have comprehensively reviewed monetary, financial and economic developments today.