Now that the bail in doctrine is in place, don’t you believe that this is a danger for the European financial system? Depositors do not feel safe anywhere and this applies in Greece too as you understand. How can you build trust?
Philip Lowe: The labour market, structural change and recent economic developments Speech by Mr Philip Lowe, Deputy Governor of the Reserve Bank of Australia, to the Financial Services Institute of Australasia (FINSIA) Leadership Event, Hobart, 9 October 2012. *  *  *  I would like to thank Patrick D’Arcy for his valuable assistance in the preparation of this talk.