The World Bank, the EBRD and the EIB announced to lend an additional EUR 24.5 billion to CESEE countries, and the European Union raised its current account support in two steps to EUR 50 billion. Wherever the macroeconomic fundamentals give leeway, the international rescue packages should be accompanied by national packages. 4.
The facts that there is an unprecedented amount of funds held in liquid assets and that the current levels of risk aversion seem exceptional in a longer perspective suggest that finance for economic recovery will be quickly and abundantly available when conditions are right. (slide 10) Ladies and gentlemen, let me come back to the story of the tourist asking the way to Galway.