But Government only acts on the information available. Therefore we need a wideranging process engaging the best people and best ideas in the land to develop the vision for all stakeholders. And banks are part of the system; they should not stand apart, turning a blind eye to financial stability and the impact they are having on the real economy.
If we didn’t have a central bank like the ECB acting in the interests of the entire euro area – and in the interests of the Spanish economy – the funding costs of the Spanish economy would be soaring. In a situation like the one we’re in, imagine adding a debt crisis to the public health crisis and the economic crisis.