We should take the starting point into account, and asses what is the likelihood that a change will get us closer to some “ideal institutional design” (if such exists).
Mr. Draghi: What we want is a financial industry, and banking sector especially, where you have more capital, less debt, more rules and much stronger supervision. You can have that only if there is a level playing field and broad endorsement by political leaders. It has to be done in a way that you keep the market alive. That's the art of doing it.