Therefore, better informing Europe’s citizens about the reasons for and the benefits of structural reform will be crucial for the success of the revamped Lisbon strategy. Indeed, a better understanding of the benefits from structural reforms could raise consumer and business confidence.
So, in sum: Yes, we are done with Basel, but we should lose no time and start implementing it. And one point is of crucial importance in my mind: After having implemented Basel III, we need a regulatory break — because, yes there is regulatory fatigue; but do not get me wrong — this is no ticket for regulatory capture and deregulation.