They said: “Draghi is never there, he’s somewhere else!” What is actually so bad about being touted as the President of Italy? I do not wish to support any – I repeat, any – speculation of that nature. It is of course a great honour to be mentioned, but it is not my job.
That seems very optimistic to me, but I am not a politician. It will be our task to minimise the likelihood that banks run into difficulties in the first place. The policy-makers’ argument is that there should be no bail-out in future, but rather a bail-in. But these rules do not take effect until 2018. What will happen in the meantime?