The ECB’s non-standard measures, as described below, have limited the risk of negative feedback loops at country level within the euro area, arising in particular from the tight link between the creditworthiness of banks and of sovereigns, and more recently from the unjustified perception of a risk of euro break-up.
We are also pursuing vigorously some other objectives such as a modern Payments Systems that will provide a safer, efficient and cost-effective payment and settlement system in the future. Financial inclusion of the rural majority through financial literacy, micro banking, technological innovation through the use of mobile phone banking.