The improved resilience was also confirmed last year in the ECB’s comprehensive assessment of banks’ balance sheets. At the same time, non-performing loans continue to weigh on banks’ balance sheets. The progress that has been achieved in the Greek banking sector is currently overshadowed by the heightened political uncertainty, hence the importance of prompt policy action.
According to various reports, the ECB has prepared capital controls or IOU contingencies for Greece. Could you comment on these, and under what circumstances would they be applied? Capital controls are not a working assumption. In any case, it would not be up to the ECB to take measures of that sort.