In addition, we have raised the limit on exposure to a single fund within the class of “alternative investments” from 1 to 3 per cent for funds that invest in mini-bonds and securitized instruments. The potential for using these wider limits, in effect since last March, is equivalent to almost € billion.
Overall, euro area economic activity should stabilise and recover at a slow pace. The risks surrounding the economic outlook for the euro area continue to be on the downside. Recent developments in global money and financial market conditions and related uncertainties may have the potential to negatively affect economic conditions.