But there are reasons why risks at community banks are likely to be less dangerous to the financial system. First, community banks generally are less complex and more easily understood. Second, community banks tend to be more traditional in approach.
4  Last spring the European Commission deemed that Italy was compliant with the debt-reduction rule even though the debt to GDP ratio was not in line with the numerical parameter because it took into account the ‘relevant factors’, including, in particular, compliance with the preventive arm of the Stability and Growth Pact.