Indeed, I have never had the impression that savings banks were a “corporation”. We, as supervisors, take a neutral position on the matter. I can assure you that we will work closely and openly with the savings bank sector on this topic.
However, significant progress has been made as Member States remain determined to preserve the integrity of the euro. In particular, the euro area has adopted a crisis resolution mechanism (the European Stability Mechanism) and has developed financial, fiscal and economic supervisory tools.