Firstly, holdings of the complex securities at the centre of the crisis were modest by international standards. Secondly, banks in Australia and Canada had more conservative lending practices in their home markets than their counterparts in the United States and the United Kingdom.
The German saver wants higher interest rates. Liikanen: Well, that is going to take some time. All savers will also benefit from the recovery in the euro area. Stability of the economy is good for all.